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 .One of the group’s main 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 part 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 affair attracting a sell-out crowd.
Kroenke’s latest project, which also blends sports and real estate, is expected to benefit the Gunners as well.KSE also encompasses the NFL side Los Angeles Rams, NHL team Colorado Avalanche and NBA outfit Denver Nuggets among other American franchises.
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-acre 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 new report from San Diego-based outlet Mile High Sports.
The alternative is that Kroenke, who cannot own more than one respective NBA and NHL team simultaneously, relocates one of his existing franchises to San Diego.That would likely be a similarly costly endeavour.
Either way, another outpost in the Kroenke empire is good news for Arsenal, who 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 to his son Josh, Kroenke.
