Arsenal owner Stan Kroenke strikes new stadium agreement with huge $45bn firm

Arsenal news: Stan Kroenke continues to make waves in the United States real estate market after enjoying a period of success

Arsenal owner Stan Kroenke has seen one of his biggest American real estate projects link-up with a well-known name. The American businessman has continued to build his impressive portfolio over the summer and is now pushing ahead with projects in Hollywood.

Spanning nearly 300 acres, Kroenke's vision of Hollywood Park -which reportedly cost Kroenke at least $5billion - is to provide new apartments, public parks, a lake and entertainment venues all surrounded by offices. Eventually, the park will include 2,500 homes, 900,000 square feet of office space, 890,000 square feet for retail and a 300-room hotel.

The project is also linked to the SoFi Stadium and its YouTube Theatre - a 227,000-square-foot live entertainment venue. And while Kroenke's sport success stories continue to develop, the Gunners owner has secured an agreement with global insurance brokerage Gallagher.

According to Sport Business Journal, Gallagher Insurance and The Kroenke Group have agreed a multi-year partnership that will see the global insurance and risk management service be the official insurance brokerage for all three components of Kroenke's Hollywood project.

The report states that, as part of the agreement, the indoor-outdoor, garden-terraced premium club space at SoFi Stadium, formerly known as the Patio and Chairman's Club, will now be named 'The Gallagher Garden' and 'The Gallagher Club'.

Last year, Gallagher became the third biggest broker my market capitalisation after landing most of Willis Towers Watson's reinsurance business. The company has a market value of $45billion and the agreement with Kroenke is something