Arsenal owner Stan Kroenke is continuing to expand his sports portfolio in the United States with an exciting sneak peek at Los Angeles Rams' new facility.
The American businessman currently owns a number of sports franchises, recently becoming the first owner to win three major North American sports titles after the Denver Nuggets won the NBA title.
In England, Kroenke is yet to win England's most-prized title, the Premier League, but has invested heavily in aiding Mikel Arteta's chances of winning their first league in 20 years.
This summer, Kroenke will see his spending surpass £200million ($258.2million) on new signings ahead of the Gunners’ 2023/24 season. Yet his spending on Kai Havertz and Declan Rice have not stopped him from investing in his other franchises.
The Los Angeles Rams are undergoing a move of facilities this year after seven years at Cal Lutheran University in Thousand Oaks, relocating to the San Fernando Valley in the winter. The Los Angeles Daily News have claimed that by January 2024, the NFL side will have completed the move with their practice fields, administrative and community outreach offices all joining them near the Warner Center.
In 2022, Kroenke paid $175million (£135.5million) for the property, once occupied by Anthem Inc. The land includes an empty 13-story office building with acres of parking spaces and greenery.
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Rams representatives have confirmed that the facility will be temporary, but plans are in place to make it permanent once they receive city permits. The exciting relocation will see the Rams move 20 miles closer to their SoFi Stadium.
"Our long-term vision is to build a permanent practice facility at the Woodland Hills site that Stan Kroenke purchased over a year ago," a Rams representative said. "This application we recently filed with the city is intended to set up an interim practice facility in Woodland Hills as we work on future ideas for a long-term facility."
In the Rams' presentation to the Woodland Hills homeowners, it was confirmed that team practices will not be open to the public. There are also concerns over potential noise and traffic caused by the move, though the Rams have insisted that the disruptions will be minimal due to the facility not being open to the public.
Kroenke also owns a nearby mall, The Village, after purchasing the 600,000 sq. ft land for $325million (£251.6million). The Village is located only 13 miles away from the LA Rams' new facility, demonstrating Kroenke's ambition to dominate the Warner Center area.
Additionally, the Gunners owner recently purchased the Promenade mall in Woodland Hills after a private investment group that included Kroenke's company - Kroenke Group - paid around $150million (£116.1million).
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