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Football London
Football London
Sport
Kaya Kaynak

Josh Kroenke reveals KSE's stance on selling Arsenal after Super League shambles

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.

"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.

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.

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