Do the Kroenkes deserve a little more time at Arsenal?

Written by ATSN

November 21, 2020

Nigerian billionaire Oriji Kalu has recently shown interest in buying a stake in Arsenal Football Club. It has been stated that Kalu intends to buy at least a 35% stake in the English club and aspires to bring trophies back to Arsenal.

Kalu is not new to the task of backing a football club. He has successfully done it with Enyimba FC in Nigeria between 2000 to 2007. His investment ensured Enyimba not only dominated the Nigerian Premier League – winning it 5 times in 7 seasons – but also won the African Champions League twice. As per his tweet, Kalu wishes to have a similar impact at Arsenal.

Our success with Enyimba FC between 2000-2007 has continuously increased my passion for football. As the pillar of sports in Africa, I am considering an investment in football & I will buy 35 percent stake in Arsenal FC. Our target is to lift the Champions League & EPL back to back as we did with Enyimba.”

But is he really the man who can fund Arsenal towards a better future? Let us look at the math. The net worth of Oriji Kalu is deemed to be a little over USD 1 billion. While that is a lot of money, buying a stake in a top Premier League club like Arsenal is a different ball game.

According to Bob Ratcliffe, head of the football division at Ineos – which owns French Ligue 1 outfit Nice – it will cost at least USD 2 billion to take full control of a “Top Six” football club in the Premier League. Ratcliffe made this remark in January 2020 at Financial Times’ Business of Football Summit.

With that valuation in mind, a 35% stake will be upwards of USD 700 million. That is 70% of Kalu’s net worth. In comparison, Stan Kroenke, who is the current owner of Arsenal, has a net worth of USD 10 billion. Full ownership of Arsenal accounts for 20% of his net worth.

Would it really be possible for Kalu to shell out 150 to 200 million pounds over a summer transfer window as Arsenal’s rivals have done in the past? Highly unlikely.

Moreover, the Kroenkes have recently started investing in the Club as is evident with the signing of Nicolas Pepe last summer and Thomas Partey in this transfer window. Furthermore, Arsenal are in talks to land Dominik Szoboszlai in the January transfer window to give Arteta more creativity in the middle of the park.

Knowing that the wage book will get lighter next summer as Ozil, Mustafi, Sokratis and Luiz depart, Gooners can hope for further investment by the current owners. Arteta has seemingly convinced them with his vision for the club. It is in the interest of everyone to give this partnership between owner and manager a bit more time.

Author: Kshitiz Choudhary

Photo: wonker, 2009

 

 

Related Articles

Arsenal weighing up player plus cash offer for £65 million top target

Arsenal weighing up player plus cash offer for £65 million top target

It is becoming clearer and clearer that Arsenal's top target this summer is Leicester's James Maddison. As reported by Adrian Kajumba, a fairly reliable football reporter, Arsenal are growing increasingly confident that Arsenal can convince Leicester to sell one of...

Arsenal reportedly agree £40 million deal for Chelsea striker

Arsenal reportedly agree £40 million deal for Chelsea striker

This is some really interesting news! Arsenal are potentially looking for a new long term striker this summer, and Tammy Abraham appears to be a priority. In fact, some reports are suggesting that Arsenal are on the verge/have agreed a deal for him. It would be a...

Arsenal prepare move for £30 million Bellerin replacement

Arsenal prepare move for £30 million Bellerin replacement

Having announced Tavares and Lokonga, and with Ben White set to be announced soon, Arsenal's summer transfer window is starting to up in pace. The next targets seem to be the midfield, however, going on in the background it seems is Arsenal's pursuit of a right back....

Comments

2 Comments

  1. Jestem stara, zostalo mi pewnie malo czasu, nie marnuje go wiec na bzdury. Robie tylko to, co mnie interesuje. I wam, mlodszym, radze to samo. – Iris Apfel

  2. Jaki jest sens zycia? To zalezy od tego, jakie zycie masz na mysli. – Colleen Hoover

Stay Up to Date With The Latest News & Updates

Disclaimer

ATSN is not an official partner of Arsenal, Premier League, or any other related organization.

Sign up for our newsletter

Receive a weekly newsletter with the most recent developments and important updates

Follow Us

Get our most recent updates and articles by following us on social media.