Josh Kroenke makes enormous £11m move just days after final Arsenal transfer window deal
Arsenal co-chair Josh Kroenke has added to his own personal real estate portfolio after buying an enormous mansion for over £11million. It comes shortly after the son of Gunners owner Stan Kroenke finalised business for the club's summer transfer window.
Having taken on a much bigger role at the Emirates Stadium in recent years - especially since Kroenke Sr was the target of much frustration and anger following the 2021 European Super League fiasco - Josh has continued a rise to prominence. Although not a business tycoon like his father, Kroenke Jr does have an impressive sporting track record behind him.
As the president of 2023 NBA champions Denver Nuggets, and also involved at NHL side Colorado Avalanche, Josh Kroenke is building a platform across the world. Alongside Mikel Arteta and sporting director Edu Gaspar, he has helped to change the atmosphere and narrative at Arsenal in the past two-and-a-half years.
Now, returning back to his homeland America, Kroenke has splashed out on a huge 12,000-square-foot house in Cherry Hills Park Drive. Fitted with a swimming pool, lavish garden, outdoor dining area, and five bedrooms, the 40-year-old's latest investment will set him back £11.6million.
His dad has a staggering estimated worth of over £15billion. This purchase has come via the Limited Liability Company (LLC) 5780 Residence, though. The Kroenke family's in-house counsel, Jason Meyerpeter, is the registered agent, The Denver Post report.
Having been set up earlier this year, the LLC lists the Nuggets' Ball Arena as the address. This is the biggest buy on record for Josh Kroenke, who also purchased a plot in 2012 for just under £1million.
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Having been listed at slightly more than £12million, Kroenke acted fast to get the house. It was listed on July 30 and went under contract less than one week later. It is said to have 24-hour security as well as seven bathrooms.
The timing of Kroenke's mammoth outlay comes shortly after Arsenal saw their own summer business come to an end. Head coach Arteta added Riccardo Calafiori and Mikel Merino to his squad on a permanent basis before Raheem Sterling arrived on deadline day at the end of August.