STAN & DELIVER; ARSENAL NEW OWNER'S BIG PLANS Kroenke Completes Gunners Takeover and Urges Wenger to Spend, Spend, Spend

The Mirror (London, England), April 12, 2011 | Go to article overview

STAN & DELIVER; ARSENAL NEW OWNER'S BIG PLANS Kroenke Completes Gunners Takeover and Urges Wenger to Spend, Spend, Spend


Byline: JOHN CROSS

ARSENE WENGER has been promised a huge transfer budget by new owner Stan Kroenke - and he will be told to use it and win trophies.

Kroenke, who yesterday took his shareholding to 62 per cent, will form part of a new Emirates power base.

And the US billionaire was quick to reveal his burning ambition to return Arsenal to the top of English football.

He said: "We are very excited about the opportunity to increase our involvement with and commitment to Arsenal.

"It is a fantastic club with a special history and a wonderful manager in Arsene Wenger.

"We intend to build on this rich heritage and tradition to take the club to new success."

Kroenke - the 130th richest American with a pounds 1.7billion fortune and ownership of teams in four US sports - has pledged not to use any leveraged debt to take control of the Gunners.

Manager Wenger welcomed the move, saying: "I have worked with Stan Kroenke at board meetings over the past couple of years and I believe he has Arsenal's best interests at heart.

"He understands the club's heritage and our ambition to run the club in a way which protects our long-term future."

Peter Hill-Wood has been invited to remain as chairman. …

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