Stan Kroenke net worth as Arsenal owner gets $100m hit after summer transfer window
Stan Kroenke continued his impressive overhaul at Arsenal this summer with a busy transfer window. The Gunners' main focus over the summer period was to minimise the gap between themselves and Manchester City following last year's Premier League title disappointment.
The north Londoners spent over £200million ($251m) on four new arrivals with Kai Havertz, Declan Rice, Jurrien Timber and David Raya brought in.Kroenke Sports & Entertainment also brought in over £50million ($62.7m) in player sales courtesy of Folarin Balogun's move to AS Monaco and Granit Xhaka's Bayer Leverkusen departure.
Kroenke's investment at the Emirates Stadium has been greatly welcomed by supporters with Mikel Arteta's side starting the new season with three wins in four games. The American's sporting franchises have reached historical levels of success over the past two years after the Denver Nuggets won the NBA earlier this year and the LA Rams became Super Bowl champions in 2022.
The investment in Arsenal's playing squad in a bid to replicate the success of Kroenke's other teams has handed Arteta the best possible chance of knocking Man City off the top of English football.
However, the spending has had a telling impact on Kroenke's net worth. Prior to the end of June, according to Bloomberg, it reached a staggering £12.7billion ($14.9bn), a £1.56billion ($2bn) increase from 2022.
Kroenke's wealth made him the fourth richest owner in the Premier League — the second richest individual in comparison to Chelsea's Clearlake Capital and Newcastle's Saudi Arabia Public Investment Fund. However, the work in the transfer window has provided a minor knock to his net worth.
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