Martin Keown calls out Kroenke’s £1billion Arsenal investment as change demanded

Don’t wait around for updates – sign up for our daily football email newsletter today!

Arsenal legend Martin Keown has called out the club's owners the Kroenkes over the £1bn investment in the club by calling for a change.

The American family, who have owned a 90 per-cent majority in the north London side since 2018, came under fire this month for their involvement in the European Super League debacle.

Their first investment came in 2007 as they bought 9.9 per-cent from Granada before increasing to 62.89 per-cent three years later, buying out Alisher Usmanov in 2018.

While this has seen the Kroenkes spent more than £1bn investing in club shares, little has been put into strengthening the squad.

And Keown, who won three Premier League titles during his time in the Gunners defence, wants change from the owners.

Speaking on BT Sport during the first leg, the former defender said: "The Kroenkes have said they're going to spend money, if they're not then they need to step aside.

"They've got plenty of that.

"They've spent £1bn to buy shares, the club is worth £3bn so it's a massive investment. They're surely going to want to invest in that.

"Whether we believe them, lets see. Let's see the colour of their money, if they're not willing to do that they need to step aside.

"Put their money where their mouth is and secure the future of the football club."

Fellow pundit Freddie Ljungberg, though, suggested there were other factors beyond the owners impacting the feeling of frustration around the club.

"I must say I've spoken to Josh [Kroenke] a few times, he's a very nice man," the Invincibles legend added.

"What I saw, I was proud of Arsenal fans when they came out in force.

Top trending sport stories right now

  • Ebanie Bridges' gruesome eye injury
  • McGregor's net worth amid Man Utd offer
  • Ben Askren's spat before Jake Paul KO
  • Inside Lewis Hamilton's weight problems
  • "They're very annoyed at claiming we've got some God divine right to play in a competition we're not good enough to be in right now, but we should be able to get in and out of it.

    "I think as well, we're 10th in the league at the moment. No Arsenal fan will be happy with that.

    "There's a lot of emotions going around the club."

    READ MORE:Stan Kroenke's Arsenal prediction 8 years on, with title win, Ozil claim and 'mistake'

    READ MORE:Daniel Ek and Invincibles to ignore Kroenkes' Arsenal statement and lodge £1.8bn bid

    • Arsenal FC

    Source: Read Full Article