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Arsenal transfer plans may be in danger due to owner Stan Kroenke’s NFL team

By on October 20, 2022

Mikel Arteta Arsenal

Arsenal are fighting for the Premier League title, as manager Mikel Arteta has the team playing their best football in years. The Gunners are one of the bookmakers’ favourites to win the league, and Arteta is tasked with keeping the team winning.

January could prove pivotal for Arteta, as the manager may dip into the transfer market to add to the squad. Arteta’s transfer signings in the offseason included Gabriel Jesus, Oleksandr Zinchenko, and Fabio Vieira, and each has made an impact on the team. Arteta’s ability to sign new players for the second half of the season may be about to take a hit, however.

Arsenal and Chelsea will meet in a top-four match, and fans are debating whether or not the Gunners can defeat their London rival. Fans can use the Hollywoodbets promo code to wager on the game and predict the winner of Arsenal versus Chelsea.

Arsenal owner Stan Kroenke is facing a massive multi-million-dollar payout that could ruin Arteta’s plans to add to the squad. Kroenke is also the owner of the American NFL team, the Los Angeles Rams. In 2016, Kroenke relocated the Rams franchise from St. Louis to Los Angeles. The relocation caused an uproar among NFL fans and the city of St. Louis. Now, Kroenke may be forced to pay around $571 million to resolve the relocation.

NFL owners will approve a resolution for Kroenke to repay the American football league $571m. The money will cover around 72% of the fee the NFL paid to the city of St. Louis to end a lawsuit filed over the Rams’ move to Los Angeles. The NFL paid the city of St. Louis $790m in the settlement. Kroenke is being directed to pay back nearly three-quarters of the amount.

Forbes estimates Kroenke’s wealth to be worth $10.7 billion. The large settlement fee will cut into the owner’s wealth; however, Kroenke owns multiple professional sports teams from leagues in North America and England.

Along with Arsenal, Kroenke owns the NFL’s Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, and MLS’s Colorado Rapids. According to NFL franchise valuations, the Rams are the league’s second-most valuable team right behind the Dallas Cowboys. The Rams won the 2021-22 Super Bowl defeating the Cincinnati Bengals 23-20. It was their first championship following the move to Los Angeles.

The settlement could affect Arsenal’s January transfer plans. Arteta may argue the Gunners have spent little in recent seasons in the market, but the manager paid £150m on players in the last two offseasons. Jesus, Zinchenko, and Vieira arrived in the summer of 2022, but the year prior saw the arrivals of Martin Odegaard, Aaron Ramsdale, Thomas Partey, Gabriel, Wiliam Saliba, and Ben White. All nine players had made tremendous contributions to Arsenal’s current premier League campaign.

The NFL announced it will waive the rule for allowable debt for league owners. This will allow Kroenke to pay the fee to the NFL. The sports impresario could look for ways to cut spending elsewhere to ensure he makes the payment. The NFL likes its owners to work together like a well-oiled machine.