Arsenal’s majority shareholder, Stan Kroenke, buys $725 million Texas ranch
Well, Arsenal fans, you know that big splash in the transfer market you were hoping for? Umm, this is awkward.
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Okay so maybe the majority shareholder of the Gunners, American billionaire Stan Kronke, isn’t directly responsible for pumping Arsene Wenger’s transfer war chest full of money but imagine if he’d offered to give Arsenal $725 million rather than buying this incredible ranch in Texas?
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Kroenke sealed the deal for the legendary Waggoner Ranch in Texas -- the largest ranch within one fence-line -- and he now owns over 865,000 acres of land which easily placed him among the top 10 largest landowners in the USA.
That land also equates to three times the size of the City of Los Angeles which is the city, coincidentally, that Kroenke has just moved his Rams NFL franchise to from St. Louis.
SO, what do you get for $725 million at the Waggoner Ranch? 14,000 cows, 500 horses and 1,100 producing oil wells to start with. It also lies in six counties, has 30 cowboys on the property and 120 employees overall.
What would you get in the soccer world for $725 million? Well, Wenger could probably sign Lionel Messi, Neymar and Cristiano Ronaldo plus pay their wages and still have some cash left over.
Don’t get carried away though, Arsenal’s sustainable business model has seen them rise up the rankings in Forbes’ rich list and there will be no haphazard spending anytime soon. Much to the annoyance of every super-ambitious Arsenal fan out there.
That includes you, Piers Morgan...
Here’s a few pictures of what Kroenke has just bought. Preseason tour to Texas for a bit of lassoing with Alexis Sanchez, Mr. Wenger?