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Arsenal set to rake it in as Stan Kroenke’s £2bn US project takes off
Arsenal may be set to feel the benefit of developments elsewhere in Stan Kroenke’s sports empire.
The💟 76-year-old is the head honcho of KSE, his family investment vehicle that is worth over £10bn, making it the second-most valuable sports group in the world .
KSE also encompasses the NFL 𒆙side Los Angeles Rams, NHL team Colorado Avalanche and NBA outfit Denver Nuggets among other Ameri𝄹can franchises.
One of the group’s ma🎀in successes has been moving the LA Rams, or the Cleveland Rams as they were previously known, away from Ohio to Los Angeles.
Kroenke footed most of the bill for the world-class 🍷SoFi Stadium as par☂t of the controversial relocation, which totalled £4.3bn.
Arsenal will play a pre-season friendly against Man United at the SoFi Stadium later this summer, which is expected to be a lucrative affa🎉ir attracting a sell-out crowd.
Kroenke’s latest project, 🌃which also blends sports and real estate, is expected to benefit the Gunn🗹ers as well.
Arsenal stand to gain from San Diego Sports Arena project
As was widely reported last summer, Kroenke has become the majority investor in a redevelopment project that will see a 16,000-seater arena constructed on💦 a 46.5-ac🔯re site in San Diego.
The stadium is set to house either an NBA or NHL franchise, which would cost at least £2bn to acquire, according to a n🍃ew report from San Diego-based outlet .
The alternative is that Kroenke, who cannot own more than one respective NBA and NHL team simultaneo𓄧usly, re🥀locates one of his existing franchises to San Diego.
That would likely be a similarly costly endeavourꩵ.
Either way, another outpost in the Kroenke empire is good news for Arsenal, whꦉo can benefit in a number of ways.
He appears to be focusing on the American element of his empire, while he has delegated responsibility for Arsenal primarily tꦫo his son Josh, Kro💛enke.
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How Arsenal benefit from Kroenke’s sports empire
In addition to the long-term stability provided by a diversified investment portfolio, Kroenke’s expansion of his sports network offers a number of other advantag🦩es to Arsenal.
There is the opportunity for knowledge sharing across the network, and many football🦹 clubs are♍ now seeking to make use of expertise beyond just football.
There are also opportunities for commercial tie-ins, which is evidence in the fact tꦜhat Arsenal are set to play money-spinn💜ing friendly at the SoFi stadium in the summer.
KSE’s presence on eithe🌳r side of the pond also gives him enhanced influence in the sphere of sports governance and finance, which is ultimately a small field where power is ওhighly concentrated.