135-year-old Arsenal FC is a widely valued football club in European and global football history due to its vast history, know the net worth of owner Stan Kroenke
Arsenal’s last Premier League title win was back in the 2003-04 season. Arsenal FC or Arsenal Football Club is known as the face of English football right from the beginning of 1886. Let us know a bit more about the club and the owners.
History Of Arsenal FC
1886: Arsenal FC was established in 1886 and with the name ‘Royal Arsenal’ after its first game. The club was formed when the colleagues working at the Arsenal Munitions Factory, Woolwich met.
1891: The name Royal Arsenal was converted to Woolwich Arsenal in 1891.
1912: Woolwich Arsenal became Arsenal during the 1912–13 season when the group moved its home arena to the Highbury, London. The club played at Arsenal Stadium until 2006 when it moved to a new, 60,000-seat arena in Islington’s Holloway region.
1919: When the Football League continued playing in 1919 after World War I, Arsenal who had completed 5th in the Second Division, was elevated to the First Division over Tottenham after Arsenal’s administrator contended that his club merited advancement in light of its long history. This added started a huge rivalry between Arsenal and Tottenham, which is now known as the ‘North London Derby.’
1930s: The club won five league titles during the 1930s. But three of the titles occurred in the 50 seasons from 1938 to 1987.
1996: Arsène Wenger became Arsenal’s manager in 1996. Wenger went on to become the longest-serving manager in football history.
2003: Arsenal FC was undefeated in the 38 matches of the 2003–04 season, turning out to be only the second top-division English club to do as such. Arsenal had an unbeaten streak into the following season to 49 back-to-back league titles.
2018: After the end of Arsene Wenger’s legacy, Unai Emery was named as the club’s new lead trainer on May 23, 2018. In Emery’s first season, Arsenal ended fifth in the Premier League and was also the runner-up in the Europa League.
2019: On November 29, 2019, Emery was sacked and Freddie Ljungberg became the head coach for the time being. On December 20, 2019, former Arsenal player Mikel Arteta became the head coach. Arsenal FC finished the league at the eighth position. This became Arsenal’s lowest-ever season conclusion since 1994–95. But Arsenal did in fact beat Chelsea 2–1 to obtain its fourteenth FA Cup title.
Apart from the league titles, Arsenal has won the Football Association (FA) Cup 14 times. The club has also won the League Cup 2 times, just as the European Cup Winners’ Cup in 1994. Arsenal FC has a huge legacy with one of the top players of the game.
Ownership Of Arsenal FC And Net Worth Of Stan Kroenke
At present, the biggest investor on the Arsenal board is Stan Kroenke. Kroenke previously dispatched a bid for the club in April 2007 and confronted contest for shares from Red and White Securities, which obtained its first offers from David Dein in August 2007. Red and White Securities was co-claimed by Russian tycoon Alisher Usmanov and Iranian London-based agent Farhad Moshiri, however, Usmanov purchased Moshiri’s stake in 2016.
Kroenke approached the 30% takeover edge in November 2009, when he expanded his holding to 18,594 offers (29.9%). In April 2011, Kroenke accomplished a full takeover by buying the shareholdings of Nina Bracewell-Smith and Danny Fiszman.
This took his shareholding to 62.89%. In May 2017, Kroenke claimed 41,721 shares (67.05%) ,and Red and White Securities possessed 18,695 offers (30.04%). In January 2018, Kroenke extended his possession by purchasing 22 more, taking his total proprietorship to 67.09%.
In August 2018, Kroenke acquired out Usmanov for £550m. Presently possessing over 90% of the company, he had the necessary stake to finish the buyout of the leftover shares and become the sole proprietor.
Net Worth Of Stan Kroenke
Missouri’s Stan Kroenke and his company Kroenke Sports and Entertainment are the owners of Arsenal FC.
Stan Kroenke has an estimated net worth of $10 billion.