Billionaires, as we all know, are the best of us. The people who matter the most, the ones we all aspire to be like, and who give most to society.
Forbes annual list of these wonderful people was released this week, and it showed that Stan Kroenke, whose company KSE own 100% of Arsenal, is the second richest owner in the NFL with a net worth of $8.7 billion.
He falls in behind Carolina Panthers owner David Tepper ($11.6 billion), but ahead of Miami Dolphins Steve Ross ($7.6 billion) and the Dallas Cowboys Jerry Jones ($6.8 billion).
In terms of Kroenke’s standing across all the amazing billionaires listed, he comes in at #167 overall, but if he were to combine his wealth that of his wife Ann Walton (#244 – $6.5 billion), he could well rocket up the charts.
Our former minority shareholder, Alisher Usmanov, comes in at #106 with a fortune estimated in the region of $12.6 billion. He sold his shares in Arsenal to the American in a deal worth around $720 million, making him a substantial profit on the investment he made that he repeatedly said he wouldn’t sell to his rival.
Kroenke has had full control of Arsenal since September of last year, during which time he has made a personal $1.6 billion investment into a new stadium for the LA Rams.
At the same time, Arsenal staff have been told to cut costs wherever possible; we lost three key players to long-term injury this season and didn’t replace any of then; failed to spend a single penny in January beyond a loan deal for Barcelona outcast Denis Suarez; and the ice-cream fridge from the press refreshments room has been removed.
Arsenal’s transfer budget this summer could be as low as £40m, depending on where we finish this season, although Champions League qualification could see it raised to around £100m.
Rumours that we’re going to bid for the top half of Neymar are unfounded.