Arsenal majority shareholder Stan Kroenke making momentous $1 billion NFL investment

St Louis Rams 2

Arsenal majority shareholder Stan Kroenke is making a huge investment, but not at the club.

Arsenal fans hoping for big investment from their largest shareholder may find themselves waiting a while.

US businessman Stan Kroenke created huge news in the American sporting world on Monday with his declaration he will invest in building a new 80,000 seater NFL stadium.

He will do so on a 60,000 acre plot of land he bought in Los Angeles a year ago, and take a major step in bringing NFL back to Los Angeles.

Since the LA Rams moved to St Louis two decades ago, Los Angeles has been without an NFL team, despite being seen as a huge 'media market', and the city's love of sport, evidenced by NBA and NHL franchises the Lakers, Clippers and Kings.

The NFL itself is desperate for a franchise to either be created in the city, or re-locate, yet a lack of a dedicated stadium has prevented this.

Kroenke announced on Monday that he will be playing a part in funding the stadium in a joint-venture, even though the city does not yet have a team to play in it.

Huge debate exists over the future of the Rams, with the city of St Louis keen to keep the team there. Kroenke is keen however to re-locate, but he would stand to profit from his investment as stadium owner even if a 33rd team were to be created from scratch as has been debated - with it even mooted two teams could share the stadium.

The stadium project still needs official planning approval, but the scale of the project and support behind it means that's an inevitability.

There's no direct implication for his Premier League football team Arsenal, fans should be aware that the majority shareholder who is so often criticised for being distant, is going to be even more distracted in the near future.

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