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Football London
Football London
Sport
Josh Holland

Stan Kroenke net worth rockets as Arsenal owner poised for Premier League success

Stan Kroenke is the 48th-richest American, according to Forbes. The Arsenal owner, for the first time in a while, is not at the forefront of hot topics involving the Premier League leaders.

Since Mikel Arteta took over as head coach in 2019, the Gunners have overseen a tremendous overhaul of their fortunes that has seen them resume their status as one of England's best teams.

The Gunners are on course to lift their first league title in almost 20 years. Smart and cute transfer business mixed with promising performances on the field have helped transform the club after a number of years flirting with mediocrity.

READ MORE: Arsenal can scoop eight-figure windfall for transfer window as Mikel Arteta faces decision

Kroenke became majority shareholder of Arsenal in 2011 in a £731 million deal after initially buying 9.9% of shares in 2007. "We are excited about the opportunity to increase our involvement with and commitment to Arsenal," Kroenke said 11 years ago.

"Arsenal is a fantastic club with a special history and tradition and a wonderful manager in Arsene Wenger. We intend to build on this rich heritage and take the club to new success."

The American billionaire, who also owns NFL franchise the Los Angeles Rams and the Colorado Avalanche of the NFL, has ben criticsed in the past from Arsenal supporters due to the lack of investment to the playing squad.

But now, in 2023, Kroenke's net worth has increased. According to Forbes, Kroenke's net worth has risen considerably in the past month to a whopping €12.9bn - a €2.2bn increase from Forbes' 2022 total.

Should Arsenal win the Premier League and secure their place in the Champions League, the Gunners owner will continue to see his net worth increase over time which, in turn, could supply Arteta with further funds in the coming transfer windows.

For a flavour of what the American - and Arsenal supporters can expect - from European's prestigious stage, Chelsea banked a healthy £42.78 from prize money for group stage wins, qualification, last-16 win and progress to the quarter-final.

A further £10.7m is waiting for them should they advance to the semi-final while reaching the final earns an additional £13.3m. The total amount available this season is £70.9m - an huge difference in prize money available in the Europa League.

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