Arsenal owner Stan Kroenke is on a bit of a roll with his sports teams.
The Gunners are looking to go big in the summer transfer window with the signing of Declan Rice after finishing second in the Premier League, his club's highest finish since 2016. Colorado Avalanche are the National Hockey League's reigning Stanley Cup champions and Denver Nuggets beat Miami Heat in South Florida on Thursday to take a 2-1 lead in the NBA Finals.
The Los Angeles Rams won their first Super Bowl since moving to California from St. Louis in Missouri eight years ago when they clinched the Vince Lombardi trophy last year. According to Forbes, the Rams are one of the most profitable sports franchises in the world.
Indeed, over the last three years the Rams have turned a profit of $318 million and are tenth in the League table for the most profitable teams. Their NFL rivals, Dallas Cowboys, lead the way with a whopping profit of $1.171 billion.
Kroenke's decision to relocate the Rams to a more attractive market in Los Angeles, and build the SoFi Stadium in Inglewood at a cost of $5bn, looks to be paying off. The 70,000-seater stadium hosted the Super Bowl last year, the College Football Playoff National Championship in January and Wrestlemania in April.
They will be in addition to the 2023 CONCACAF Gold Cup Final, 2026 FIFA World Cup matches and the opening and closing ceremonies of the 2028 Summer Olympics. Kroenke, 75, has seen his net worth balloon to a whopping $14.9bn through his ownership of Kroenke Sports & Entertainment, which owns the Rams, Nuggets and Arsenal.
He also has an extensive property portfolio and recently clinched a deal to buy a shopping centre in Malibu for $82m, taking his total spending of real estate across California to around $700m.
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