Arsenal owner Stan Kroenke's wealth increased by 370 million euros during epidemic

While the salary cuts related to the coronavirus period were discussed in Arsenal, the wealth of the owner of the club experienced a big increase.

The coronavirus outbreak hit many sectors of the world and shook the football economy. In addition to the loss of live broadcasting and stat revenues, as well as the withdrawal of some sponsors, the clubs also took action to reduce their salary expenses.

One of these clubs is Arsenal, a well-established team of the Premier League. Arsenal cut 12.5 percent in player and staff salaries.

On the other hand, according to the research published by The Institute for Policy Studies; Despite the negative coronavirus effect in the world economy, Arsenal's owner Stan Kroenke has increased his fortune by 370 million euros since the beginning of 2020. Ann Walton Kroenke, the wife of the American billionaire with a fortune of 9.25 billion euros, also experienced 110 million euros in the same period.

Arsenal used the following expressions when making public his salary cuts:

“These savings will be used to cover the financial risks associated with our match and advertising revenues. We are proud of our players and employees who support our club in this difficult time, we are grateful to them. ”

24 of the 27-member staff in Arsenal accepted the cut of salary, but Mesut Özil and two players did not sign this decision and demanded that the contribution of the club owner be clarified.