Arsenal news as Stan Kroenke success continues alongside sporting improvement and the Gunners reap the reward
An image breaking down Stan Kroenke’s sporting empire from 2017 is all it takes to demonstrate how much things can change in a relatively short period of time. Although over half a decade has passed, of the five standout teams or franchises owned by the American, it is hard to argue that all of them haven’t improved.
Headlined by on-field success for LA Rams in NFL and Denver Nuggets winning the NBA, Kroenke’s sports and entertainment (KSE) portfolio has started to boom. There have been dips since his MLS side Colorado Rapids and NHL outfit Colorado Avalanche both found themselves bottom of respective leagues, whilst Arsenal would go on and be in the relegation zone under Mikel Arteta.
However, there has been a pattern of recent success. For the first time in nine years the Nuggets won division titles, doing it twice in a row in 2019 and 2020, before taking that crowning glory in 2022. Now run by son Josh, the Nuggets are set to go again having reached the Conference Finals again last year.
The Rams followed up a disappointing 2022 season with a playoff appearance in 2023 and have found themselves on the rise again following 13 years in American football purgatory. As for Arsenal, their so-called banter years ended sharply soon after the European Super League nightmare that saw Kroenke’s popularity hit rock bottom.
Since then he has been a peripheral figure but change has come. Via Josh and a new sporting setup including Mikel Arteta as head coach and Edu Gaspar in the central director role, Arsenal are once more challenging amongst Europe’s elite.
As well as the sporting pedigree that comes with this, Kroenke has seen his own profile and net worth rocket too. In the past 12 months alone, the real estate tycoon has seen his estimated worth balloon to £15.6billion.
According to Bloomberg, that is over £3billion more than it was in September 2023. This probably shouldn’t come as a massive surprise though.
Over the past 10 years Kroenke’s net worth has continued to shoot up regularly, going from £4billion in 2014 to double that six years later. It is still since 2020 that the biggest and most dramatic shift has taken place.
With over 300 properties alongside THF Realty (which he chairs), spanning more than 2million acres of land in USA and Canada, Kroenke’s property development and suburban infrastructure has proved lucrative.
It is the Rams that are deemed to be his biggest asset though. In January 2024, Forbes released a list of sporting owners with Kroenke’s £2.3billion jump with his NFL the second biggest. That came behind Liberty Media, which owns the entirety of Formula One, a sport.
Arsenal are estimated to be worth around £2billion, a big increase over the past year, but still 10th in the global game. Their rising commercial revenue and sporting rewards may well see that continue to grow though. The Rams, meanwhile, are valued at over three times as much with estimates of around £6.5billion.
Kroenke purchased the Rams in 2010 for just over £500million. His gradual takeover of Arsenal ended with the final 30% stake costing £550million.
If things continue to get better on the various sporting fronts then Kroenke is only likely to see this figure sprout even more.