Arsenal Owner Stan Kroenke Greenlights £1 Billion NFL Stadium Revamp

Stan Kroenke, the owner of Arsenal, has approved a significant £1 billion project related to his U.S. sports ventures.

As the head of the Los Angeles Rams and a key figure in the NFL, Kroenke was one of the 32 team owners to unanimously support a £1.07 billion renovation of EverBank Stadium, home to the Jacksonville Jaguars.

This ambitious renovation is set to begin early next year, reinforcing Kroenke’s deep involvement in major sports infrastructure projects.

Kroenke’s extensive sports portfolio, under Kroenke Sports & Entertainment, includes several teams such as NBA’s Denver Nuggets, NHL’s Colorado Avalanche, and MLS’s Colorado Rapids.

While Arsenal has been valued at around £2 billion, the LA Rams are worth significantly more, underscoring the scope of Kroenke’s sports empire.

Though Arsenal has spent heavily in the transfer market under Kroenke’s ownership, with over £700 million spent since 2011, the club has experienced a net loss of around £200 million in player recruitment.

Despite this, Kroenke’s commitment to both his U.S. and UK sports ventures continues, reflecting his strategic focus on growth and investment.