Arsenal owner Stan Kroenke has expanded his business interests in the USA with the acquisition of a Los Angeles mall in a £270million deal - and plans to move the LA Rams in there.
The latest deal indicates that the investor is keen to continue the growth of his portfolio and cement his commercial interests in California. The Arsenal owner, who is largely represented in the UK and at Arsenal by son Josh, last month acquired the The Village mall in a $325million (£270million) deal as originally reported by the Commercial Observer.
He made the purchase from Unibail-Rodamco-Westfield (URW) and it sees the LA Rams owner complete one of the largest commercial property sales in LA in the past 12 months. His ownership of the Rams, the current NFL Super Bowl champions, means that the future relationship between the franchise and his commercial portfolio will become increasingly intertwined.
