ARSENAL and Los Angeles Rams owner Stan Kroenke is worth an incredible £8.7BILLION and has a property portfolio to match.
The American sports tycoon and his Walmart heiress wife purchased the United States’ largest ranch in 2016 and it’s so big you could fit the entire cities of New York and Los Angeles inside its borders.
At a whopping 535,000 acres, the W.T Waggoner Ranch in Texas was bought by Kroenke and his wife Ann Walton for a cool £500million.
The ranch includes thousands of cattle, hundreds of horses and oil wells, and 30,000 acres of farmland.
The 75-year-old billionaire’s company Kroenke Sports and Entertainment owns Arsenal and cut 55 jobs during the pandemic due to financial issues at Emirates Stadium.
He also owns Super bowl winning NFL side LA Rams, NBA team Denver Nuggets, NHL franchise Colorado Avalanche and MLS side Colorado Rapids.
And he has invested billions of dollars into the construction of the 70,000-seat SoFI Stadium in Inglewood, California.
When he secured the ranch in 2016, Kroenke said: “This is an incredible opportunity and an even greater responsibility.
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Kroenke said he was honoured to protect the American landmark when he bought the ranch in 2016. “We are honoured to assume ownership of the Waggoner – a true Texas and American landmark – and are deeply committed to continuing the proud legacy of W.T. “Tom” Waggoner, his family and his descendants.
“Our gratitude to them and to the many parties involved in this process is immense. We will continue to preserve and protect this uniquely American treasure.”
Kroenke is a divisive figure at Arsenal and in 2019 Gunners fans issued a joint statement calling on him to reinvigorate the club.
The statement said supporters had “never felt more marginalized”. The club then sacked Unai Emery and hired Mikel Arteta.
Kroenke is married to Ann, whose father Bud was an early partner in Walmart, which was founded by his brother Sam.
In 2012, Kroenke bought another historic property, the 124,000-acre Broken O Ranch in Montana.
He also owns ranches in Wyoming, Arizona and British Columbia.
Source: Soccer - thesun.co.uk
