Stan Kroenke is ‘majorly disappointed’ by Arsenal’s recent performances and ‘isn’t keen’ on investing more of his money in the club until the Gunners match his own ambition on the pitch, a source close to the American billionaire has claimed.
Kroenke, who is Arsenal’s controlling shareholder, has been in London this week as his NFL side the St Louis Rams play the New England Patriots at Wembley Stadium today.
The 65-year-old attended an Arsenal game for the fourth time since his takeover 17 months ago during yesterday’s 1-0 win over QPR. He was accompanied by his son, Josh, while various high-profile friends of Kroenke’s were also invited into chief commercial officer Tom Fox’s executive box.
“We (Kroenke Sports Enterprises) have a record of reinvestment in our other clubs, and it’s there for everyone to see”, Kroenke insisted at last week’s Arsenal AGM.
Kroenke himself, nicknamed ‘Silent Stan’ for his reluctance to talk with the media, has made clear of his disappointment in the Gunners’ recent form and told a friend he ‘could not understand’ how they lost two games in a row to Norwich and Schalke last week.
Recent accounts at Emirates Stadium showed that Arsene Wenger’s side have around £70m swilling around in their transfer pot, while Kroenke also approved the sale of star striker Robin van Persie to Premier League rivals Manchester United in the summer.
Valued at around $5.3billion, Kroenke’s sports empire includes the Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche and of course more recently Arsenal.
Related Article: Silent Stan – It’s all about the money.
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