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Josh Holland

Arsenal owner Stan Kroenke prepares for huge announcement as $7bn prediction made

Stan Kroenke Arsenal California

The Midway Rising project in California could generate almost $7 billion, it is being claimed, amid Arsenal owner Stan Kroenke's involvement.

Kroenke, who owns a number of sports franchises across the globe through his Kroenke Sports & Entertainment empire, has an enormous real estate portfolio that is said to be valued above $2bn.

Last month, it was confirmed that Kroenke had agreed to become the lead investor in a development being led by Midway Rising in San Diego. The project will include the construction of a 16,000-seat arena, a retail area of over 250,000 square feet, a park and hotel.

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