Arsenal owner pumps personal millions into transfer dealings - report
Arsenal owner Stan Kroenke reportedly invested his own money in the club’s summer transfer campaign.
The Gunners were busy as they brought in Nicolas Pepe, David Luiz, Kieran Tierney, Gabriel Martinelli and William Saliba for north of £100 million.
According to the Mirror, industry insiders are sure that Kroenke stepped in with millions of his own cash instead of relying on the club’s self-sustaining transfer model.
Arsenal usually operate cautiously, keeping a “slush fund” of cash to reassure the banks in case they fail to qualify for Europe.
But Kroenke has bought out Alisher Usmanov’s 30 per cent stake in the Emirates club and this could change how things are run after he appeared to have offer increased personal backing.
His son Josh Kroenke, a director at the club, said on Thursday that Arsenal’s summer business proves that the club still has an “aura”.
Now read...
RANKED! The 101 best players in the Premier League right now: first 81 revealed
Get FourFourTwo Newsletter
The best features, fun and footballing quizzes, straight to your inbox every week.
QUIZ! Can you name Arsenal players used vs German opposition since 1996/97?
Alasdair Mackenzie is a freelance journalist based in Rome, and a FourFourTwo contributor since 2015. When not pulling on the FFT shirt, he can be found at Reuters, The Times and the i. An Italophile since growing up on a diet of Football Italia on Channel 4, he now counts himself among thousands of fans sharing a passion for Ross County and Lazio.
'Women's football is still not where we want it to be. The generation now, yes it is professional, you have the income and the environment around you - but we still want to make it even better': Alex Scott on the growth of women's football
'Arsenal are crapping themselves: they're scared to take advantage of the opportunity they’ve been given this season. When you look at the chances they are missing the answer is obvious': former Gunners captain delivers brutal assessment of title hopes