Stan Kroenke USA Coronavirus pandemic Department and Arsenal Stan Kroenke USA

Stan Kroenke's £120million decision and impact on Arsenal's summer transfer plans

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www.mirror.co.uk

Stan Kroenke is set to intervene and help Arsenal pay off the £120m loan they took out to cope with the coronavirus pandemic.

Through his business KSE with his son, Josh, the American businessman's decision will have an impact on the upcoming transfer window.

The Gunners fulfilled the criteria to take out a loan from the Bank of England through the Covid Corporate Financing Facility (CCFF) back in January 2021.

With the financial impact that the pandemic had brought, the club's revenues took a mammoth hit - especially through gate receipts.

Read more on mirror.co.uk
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