Arsenal owner Stan Kroenke makes major stadium decision after $175m deal confirmed

Arsenal news as Stan Kroenke pushes for yet more big change in America with his successful sports franchises bringing in the opportunity to combine his expertise

Stan Kroenke is continuing his massive expansion work on stadiums after another successful year for his sporting franchises across the world.

Home to the freshly crowned 2023 NBA Champions, Denver Nuggets, Ball Arena also plays home to Kroenke's wider sporting investments and franchises with Colorado Avalanche (NHL) and Colorado Mammoth (NLL) playing there.

As well as that, Kroenke is also commited to moving the practice fields for LA Rams after paying $175million (£135.5m) to buy the Warner Center. That is part of the plans to move the Rams closer to their elite stadium as well as encorporating it with his real estate portfolio that includes a nearby mall.

It had been reported that Kroenke planned to build a new stadium as well for his MLS franchise Colorado Rapids, who he purchased in 2003, with their Dick's Sporting Goods Park arena owned by Commerce City rather than KSE. Kroenke does own a huge plot, nearly 300-acres' worth, around the ground.

When it comes to Ball Arena, though, it is said that he wishes to add to plans for 'a 55-acre, mixed-used development around the venue' which would include houses, transport links, a hotel and retail units to go with it.

It is part of a current trend that KSE is pushing for with sports franchises becoming the hub of mini-towns and cities built to in surburban areas. The same cannot be said for the Emirates Stadium and Arsenal but it's certainly part of Kroenke's thinking.