No wonder Silent Stan desperately needed Arsene Wenger to stay 2 more years.
Silent Stan can also put his Arsenal shareholding up as a guarantee if he leverages money for the new stadium being built in Los Angeles for his relocated American football franchise LA Rams.
Arsenal’s £1billion valuation following a record-breaking share deal explains absentee owner Stan Kroenke’s reluctance to ditch besieged manager Arsene Wenger.
The last Arsenal transaction on the NEX Exchange on March 27 saw a single share in the club trade for an unprecedented £17,750 — putting the club’s market capitalisation at £1.073bn.
That means Kroenke is sitting on a paper fortune of £700million from his 67 per cent stake on the back of Wenger’s consistent management, which fans are clamouring to end.
Arsene Wenger's stay of execution could be explained by Arsenal's healthy finances
Stan Kroenke has seen his share price rocket in value under the tenure of Wenger
Wenger’s achievement in keeping Arsenal in the Champions League every season has seen the share price rise from £8,000, at which Kroenke bought David Dein’s holding, past £11,500 — Kroenke’s offer to shareholders following his takeover — to the current sky-high number.
If Kroenke sold at this record price, he would make a £300m profit. No wonder he is in no rush to disrupt Wenger’s regime, even after the 3-0 horror show at Crystal Palace.
Silent Stan can also put his Arsenal shareholding up as a guarantee if he leverages money for the new stadium being built in Los Angeles for his relocated American football franchise LA Rams.
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