Arsenal fans outraged as Stan Kroenke spends £500m on a new ranch the size of Los Angeles
Given the ongoing controversy around soaring ticket prices in football, Arsenal's largest shareholder really could not have picked a worse time to announce the purchase of his new home.
Stan Kroenke, who is rumoured to be worth £4.25 billion, has announced he has purchased a 535,000 acre Texas ranch for half a billion pounds.
"This is an incredible opportunity and an even greater responsibility," Kroenke said.
The news that Kroenke has so readily parted with his cash on a ranch the size of Los Angeles has left Gooners fuming on Twitter.
Arsenal owner Stan Kroenke just bought a $750 million ranch. So THAT'S where all the transfer window money went. #afc— Piers Morgan (@piersmorgan) February 9, 2016
Arsenal fans were quick to voice their frustration with the lack of transfer activity in January, while the issue of the price of season tickets at the Emirates continues to rankle with supporters.
The news comes just two days after the Arsenal Supporters' Trust called on the board to freeze ticket prices until 2019.
Arsenal have the most expensive season tickets in the Premier League at respectively £2,013, with their cheapest season ticket is also the most costly at £1,014.
Arsene Wenger claimed to have had £70m to spend in the January transfer window, but failed to make any marque signings, enraging many Arsenal fans who believed the side needed new blood to sustain their title challenge.
Broker Bernie Uechtritz, a local land broker in the area, told the Mirror: "There are 510,000 acres on the estate, making it the largest ranch in the United States under one fence. It’s a record breaking price because it is a completely unique offering.
"This is a legacy property having never been on the market before and been in the same family for the past 160 years since the 1800s.
"There are 510,000 acres on the estate, making it the largest ranch in the United States under one fence. It’s a record breaking price because it is a completely unique offering."
Arsenal have fallen six points league leaders Leicester City, and former Highbury favourite Paul Merson has claimed Arsene Wenger may live to regret his decision not to sign a striker.
"They definitely needed a defensive midfielder, but also a striker," Merson told the Daily Star.
"If Olivier Giroud gets injured can Theo Walcott come in and score goals in the last 15 games of the season?"
Arsenal welcome Leicester City to the Emirates on Sunday, where only a win for Arsene Wenger's side will maintain their title aspirations.