Stan Kroenke has splashed $725m on the world’s highest-priced private estate prompting some Arsenal fans to ask why he didn’t spend the money on the squad instead.

Showing a total disregard for how Kroenke has dealt with Arsenal since becoming the majority shareholder, some fans wondered why Mohamed Elneny was the only addition to the squad during the transfer window, ignoring the fact that the manager had money to spend if he had identified the right players to add to his squad.

The property spans some 800 miles and is stretched out over six counties in north Texas and is said to be the largest ranch behind one fence.

An iconic ranch around three-hours drive from Dallas, the Waggoner was founded in 1849 and this is the first time it has been sold since it was established.

“This is an incredible opportunity and an even greater responsibility,” Kroenke said in a statement. “We are honored to assume ownership of the Waggoner – a true Texas and American landmark.”

It currently employs 120 people and 56,000 acres have been developed for oil with a further 450,000 untapped. There are around 1,200 wells on the property and it produces approximately 35,000 barrels of oil a month.

You can see the ranch in the video below: