Arsenal owner Stan Kroenke provides the club with cash injections to reduce the impact of the coronavirus
Arsenal owner Stan Kroenke provides the club with cash injection to mitigate the financial impact of the coronavirus crisis
- Arsenal owner Stan Kroenke has given the club a cash injection
- Club confirmed the intention to redeem bonds related to the construction of the stadium
- Injection gives Arsenal more freedom in how they balance their finances
Stan Kroenke has pumped money into Arsenal to ease the financial burden of the coronavirus crisis.
In a message on the London Stock Exchange, the Gunners confirmed their intention to redeem bonds related to the construction of the Emirates Stadium, funded by a loan from Kroenke Sports Entertainment.
The injection gives the club more freedom in how they balance their finances in an uncertain period after the global pandemic.
Stan Kroenke has given Arsenal a money boost to deal with the economic situation
However, it is unlikely to have a significant impact on how much Mikel Arteta should spend on new players for next season.
Sports email in April revealed owner Kroenke’s intention to give the club great financial support.
Meanwhile, Arsenal is reconsidering plans for a goalkeeper shake-up following Emiliano Martinez’s impressive form.
Martinez is more than capable of replacing Bernd Leno, who is in a race against time to be fit before the start of the next season with a knee injury.
Arsenal confirmed their intention to redeem bonds related to the construction of the Emirates Stadium
Arsenal are reconsidering plans for a new goalkeeper after the good form of Emiliano Martinez
Arsenal planned to sign a new goalkeeper to offer Leno competition next season.
Newcastle goalkeeper Freddie Woodman, who has loaned to Swansea this season, has been significantly scouted by the Gunners this season.
But Martinez has proven that he can offer real competition to Leno next season, with plans to improve his current deal.
The Argentinian wants to play more regularly, but there is hope that the temptation of a new contract can convince him to stay and fight it with Leno.