Premier league news Stan Kroenke's fall in wealth could impact Arsenal's transfer activity Last spor news

PremierLeague-News.Com - Arsenal fans will be hoping to see their side spending a fair amount in the summer on the back of a disappointing season so far, but Stan Kroenke may have a different plan on the back of recent news

Premier league news Stan Kroenke's fall in wealth could impact Arsenal's transfer activity Last spor news

PremierLeague-News.Com - Arsenal fans will be hoping to see their side spending a fair amount in the summer on the back of a disappointing season so far, but Stan Kroenke may have a different plan on the back of recent news

Premier league news  Stan Kroenke's fall in wealth could impact Arsenal's transfer activity Last spor news
22 February 2021 - 23:00

PremierLeague-News.Com - Breaking Sport Transfer News ! Arsenal owner Stan Kroenke has seen his wealth drop by a huge chunk over the last year. It's been a challenging year for almost everyone in terms of finances as businesses and indeed people get to grips with the financial impact of coronavirus. Football has been no exception, with many clubs taking out a short-term loan with the Bank of England in recent months, including Arsenal, who borrowed £120million in January. Meanwhile, owner Kroenke has seen the completion of the all-new SoFi Stadium, built for his Los Angeles Rams ahead of the most recent NFL season when his side were defeated in the play-offs. Video Loading Video Unavailable Click to play Tap to play The video will auto-play soon8Cancel Play now The stadium, which will host the 2022 Superbowl, cost no less than $5billion, almost double what it was estimated to cost initially. The stadium was the vision of Rams owner Kroenke, but his finances do seem to have taken a hit, and no doubt it will be, in part, due to the building of the stadium, as well as the impact of coronavirus on his businesses. According to Forbes, Kroenke has lost $1.4billion (£995.76million) in the last year alone, seeing him slip to 59th in the list of US billionaires in 2020 with a wealth of $8.3billion (£5.9billion), which reports in the USA state is close to where his estimated wealth was in 2018, at around $8.5billion. Sign up to our Arsenal newsletter for the latest transfer news By signing up for our Arsenal newsletter, you will receive a once-daily email, focused around goings-on at Emirates Stadium.

News source = PremierLeague-News.Com

. We'll also send out special newsletters with any big breaking news too. And with the January transfer window now open there's plenty of content to get your teeth into. How do you sign up? It's easy and only takes seconds. Simply type your email address into the box at the top of this article - or any article on the Arsenal section of football.london in fact - labelled 'Get the biggest daily stories by email' and click 'Subscribe'. And that's it, you're all set. If you decide later that you no longer wish to receive the emails, simply follow the unsubscribe link in one of the newsletters - but we don't think you'll want to. For more details, click here. Despite this, Arsenal fans will be keen for new signings ahead of the summer amid a disappointing season so far. In theory, the Gunners should have money to spend given the money they saved from offloading Mesut Ozil and Shkodran Mustafi during the January window. But while Kroenke still has plenty of cash in the bank, the financial repercussions of the coronavirus pandemic could yet impact Arsenal and their transfer hopes ahead of this summer.

Source = PremierLeague-News.Com

This news 101 hits received.

COMMENTS

  • 0 Comment
Last News
MAY INTEREST YOU x
Sport news  REVEALED: Liverpool would be just ONE point off the Champions League places if VAR wasn't in place this season with top-four rivals Leicester currently four points better off because of the technology Premierleague-News.com
Sport news REVEALED: Liverpool would be just ONE point off the...
Uk News  Elliott banned for a year and fined £13k over dead horse photo United Kingdom news
Uk News Elliott banned for a year and fined £13k over dead horse...