KSE set to sell Arsenal stadium

Arsenal stadium; Kroenke Sports & Entertainment is set to sell the Emirates Stadium.

Arsenal stadium is currently wholly owned by The Arsenal Football Club Public Limited Company (AFC), who are part of Kroenke Sports & Entertainment (KSE); the American sports and entertainment company that Stan Kroenke uses as the parent company for all his sports holdings.

It has been revealed that, KSE will buy the stadium from AFC for £120million before leasing it back to the club.

AFC will sign a 99-year lease with KSE, reportedly worth £10million per annum.

In 2020, KSE loaned AFC around £184million which allowed the club to pay off the stadium debt owned to Barclays Bank.

That debt was basically transferred to KSE who were able to take advantage of lower interest rates to reduce AFC’s repayments.

Whilst AFC will no longer own their stadium, they will still be required to pay back the loan KSE at the existing terms.

With ownership of the stadium, KSE will also be able to take financial advantage of events outside of football.

It is expected that KSE will begin pushing to host at least one L.A. Rams regular-season game at the Emirate Stadium, as well as boxing and music events.

However, it is unclear whether income from naming rights of the stadium will be paid to KSE or AFC.

Source

Also read,

Arsenal Report: club eyeing two Premier League midfielders for summer transfers

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