Josh Kroenke has provided the latest on whether KSE plan to sell Arsenal after the events involving the European Super League over the past few days.
Josh and his father Stan signed the Gunners up to the brand new competition without any consultation of the players, coaches or fans earlier this week only to withdraw the club from it 48 hours later.
The unpopular American family have now come under increasing pressure to sell the club after the events, with a #KroenkeOut protest being planned for before the match with Everton on Friday evening.
And now at a fans’ forum held after the Super League fiasco, Josh Kroenke has revealed where he and his father stand on the notion that they could look to move on from their ownership of Arsenal after 14 years of involvement.
Video Unavailable
“We have big plans to invest,” he told supporters groups representatives on a video call, as per REDaction Gooners on Twitter.
“We have plans, we want to be great again, but a long-term model does not support long-term high investment.
“No intention of selling.”
The Kroenke’s have been accused of showing a lack of ambition during their time as owners of Arsenal.
Financial reports revealed that up until the 2017/18 season, that Stan Kroenke had not put a single penny of his own money into the club in either debt or equity financing, instead allowing it to run solely funded by the revenues it generated in that period.
Do you want all the latest news from around Arsenal Football Club straight to your email inbox?
Of course you do.
By signing up for our Arsenal newsletter, you will receive a twice-daily email, focused on all the latest news from the Emirates Stadium.
And, not only that, but you will get exclusive content from our club writers Chris Wheatley and Kaya Kaynak before anyone else.
You won’t miss a thing when it comes to the Gunners.
How do you sign up?
It’s easy and only takes seconds.
Simply type your email address into the box at the top of this article – or any article on the Arsenal section of football.london in fact – labelled ‘Get the biggest daily stories by email’ and click ‘Subscribe’.
Alternatively, you can click here and tick the Arsenal box to subscribe for our Gunners newsletter.
If you decide later that you no longer wish to receive the emails, simply follow the unsubscribe link in one of the newsletters – but we don’t think you’ll want to.
By way of comparison, Manchester City’s Sheikh Mansour has invested around £1billion in owner loans and equity injections – mostly equity – since the taking over the club back in 2008.
Reports suggest that the Kroenke’s did put up the cash required to help the Gunners pay Thomas Partey‘s full £45million release clause to sign the Ghanaian from Ateltico Madrid last summer, however.