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Arsenal Board Shake-Up Points to Kroenke’s £1bn Revenue Drive and Emirates Expansion Plan

Forthcoming board formalities point to property-led growth under closer Kroenke oversight.

Overview

  • Tim Lewis has exited after being told he would not continue as executive vice-chair, declining an offered non-executive role.
  • Arsenal is reported to be preparing official paperwork that hints at an Emirates Stadium expansion toward roughly 80,000 seats at an estimated cost of about £500 million.
  • Non-executive director Otto Maly, a real-estate specialist involved in SoFi Stadium, is expected to be formalised on the board through Companies House filings.
  • The reshaped leadership is oriented toward aggressive commercialisation with an explicit aim to reach £1 billion in annual revenue, reflecting a Kroenke-led strategy.
  • Revenues are projected around £700 million for 2024-25, and Josh Kroenke’s visibility at the club has increased alongside Richard Garlick’s promotion to chief executive.