KSE to help Arsenal fulfil financial commitments to tune of £120m
Kroenke Sports & Entertainment are set to help Arsenal pay back the £120m loan they previously took out from the CCFF later this month.
Kroenke Sports & Entertainment are set to help Arsenal pay back the £120m loan they previously took out from the CCFF later this month.
Daniel Ek says he made a formal offer for Arsenal Football Club this week and explains how the Kroenkes responded to the bid.
Arsenal have placed 38th in Forbes’ latest list of the world’s most valuable sports clubs with a value of $2.8billion (£1.98billion), representing a 23% rise.
Manchester United have lost a 10-year, £200m sponsorship deal in the wake of their fans’ anti-Glazers protest and Arsenal need to be careful they don’t start losing deals, too.
Arsenal are expected to repay the loan they took out from the government in full this month while Tottenham have opted to roll their repayments over for a year.
Daniel Ek will make a formal takeover bid for Arsenal by the end of this week, after reaching out to Stan Kroenke over the weekend.
Arsenal are for sale and Stan Kroenke quoted a price of £1.7 billion just two years ago despite his insistence that they are not looking to sell.