Stan Kroenke, the owner of Arsenal, could see his fortune halved as a result of the NFL legal dispute.
According to a legal expert, Arsenal owner Stan Kroenke could lose a significant portion of his net worth as a result of a legal dispute over his Rams’ relocation from St. Louis.
From St. Louis to Los Angeles
According to reports, Arsenal owner Stan Kroenke’s fortune could be halved due to a legal dispute with the NFL.
Kroenke and his Los Angeles Rams franchise are currently in a legal battle over who should pay legal fees in a pending case.
The Rams from St. Louis have been sued.
Louis, claiming that the team failed to meet certain obligations before moving to Los Angeles.
Kroenke had promised to cover certain legal costs, according to reports in the US, but there is now a disagreement.
And it could cost Kroenke a significant portion of his estimated £8 billion fortune.
“Never in his wildest dreams did Kroenke believe that the league and him personally would be vulnerable to a multi-billion dollar damages award, and that’s what an indemnification agreement does,” legal expert Daniel Wallach told local news station KSDK.
“It actually says to your fellow owners that I’m going to cover your entire legal bill.”
He didn’t anticipate a multibillion-dollar case.
“When you add up all of the various damage calculations and computations, the various categories, it could wipe out at least half of Kroenke’s net worth.”
Josh Kroenke, Kroenke’s son, had given a rare interview to SkySports earlier on Sunday.
He spoke about the Gunners’ failed attempt to join the European Super League (ESL), as well as his family’s tense relationship with Arsenal supporters.
“When you’re at the bottom, there’s only one way to go, and that’s back up,” he said in one response.
However, Jamie Carragher, who compared Arsenal’s director to sitcom legend David Brent, was not impressed.
“There was a little bit of David Brent in it,” Carragher said.
There is a vision.
a plan of action
They are merely words to me.
“When they talk about what happened at the end of Arsene Wenger’s tenure, when they say ‘we went out of the top four, we need to re-evaluate,’ they’re talking about what happened at the end of Arsene Wenger’s tenure.
“When they were in the top four, why didn’t they re-evaluate?”
For a long time, they hadn’t been a serious contender in the league.
“I believe No. 1, and I’m glad that a portion of the ownership has spoken up.”
I’d like to see this from a lot of other clubs, not just Arsenal.
I think the interview with Geoff was fantastic.
“They just assumed it.”
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