Stan Kroenke is making a commitment in relation to the Emirates Stadium loan that will provide flexibility for Arsenal to use their cash reserves.
As we covered this week, Stan Kroenke will reportedly inject cash into the club. The Telegraph write that his reported financial commitment relates to the Emirates Stadium loan. Kroenke is trying to give Arsenal more flexibility to use their cash reserves during the current crisis.
This fits with David Ornstein’s claim, that the plan is to ‘cover financial commitments at Arsenal’. It’s less of a case of Kroenke boosting the transfer budget, more ensuring the club pay their long-term commitments.
The plan is still for Arsenal to remain a self-sustaining club. Owners are free to spend money on infrastructure without breaching FFP guidelines, so technically, Kroenke could pay off the Emirates Stadium loans regardless of the crisis.
That’s never going to happen, but at least this one year of investment should protect jobs.
Perhaps Arsenal will also have money left over for transfers, but that’s a secondary consideration. It really depends on the conclusion of the season, more than Kroenke’s input.