Liverpool owners Fenway Sports Group have announced that the investment firm Red Bird Capital has bought a £538.6million stake in their group, leading to hopes that the outgoing Premier League champions can move the needle in terms of their ability to financially compete with the country’s other big hitters.
But what does it mean for Arsenal's financial standing?
Here football.london breaks down the numbers and compares the clubs and their owners.
Who owns Arsenal?
The club are controlled by Kroenke Sports and Entertainment, based out of Denver in the United States.
KSE is headed by Stan Kroenke, with his son Josh taking an active role in Arsenal's operations.
How much is Stan Kroenke worth?
Forbes estimates that Kroenke senior is worth £5.95billion.
By comparison the £538.6million Red Bird investment is for a 10% stake of FSG, which means the company behind Liverpool is valued at £5.38bn.
What are KSE's others business interests?
There are many, from real estate to media and sport, but their biggest acquisition aside from Arsenal are NFL team LA Rams.
They also hold a controlling stake in the NBA's Denver Nuggets, NHL team Colorado Avalanche, MLS side Colorado Rapids and lacross team Colorado Mammoth.
What about the club’s value?
The most recent Forbes evaluation, from May 2019, says the Gunners are valued at £1.8billion but that figure is certain to have changed in the two years since owing to a lack of Champions League football and the coronavirus pandemic.
Deloitte placed Arsenal 11th in their latest Money League having been sixth as recent as 2017.
And their revenue?
The club's latest accounts, to the end of May last year, showed that all three revenue streams took a hit as a result of the pandemic but their income from broadcasting, commercial and matchday amounted to £344.3million.
