Kroenke, who commands the second-most valuable sports empire in the world, has been in situ at the Emirates for almost two decades.
He shows no signs of wanting to exit the stage any time soon, but his long-term goal is to hike the value of the club in order to eventually flip it for a huge profit.
The last time his resolve was challenged came in 2021, when Spotify founder Daniel Ek launched an unsuccessful bid to buy the club.
And the latest figures coming from industry experts Deloitte make it very clear what the KSE regime need to do before they eventually cash in.
Deloitte figures show how Arsenal contributing to £1.6bn Premier League losses
In their Annual Review of Football Finance released on Tuesday (25 June), Big Four accounting firm Deloitte found that Premier League clubs posted combined operating losses of £1.bn last season alone.
For context, ‘operating losses’ are a clubs losses minus one-off items, such as player sales.
Arsenal posted operating profits six years in a row up to 2018-19, but have now made operating losses totalling £234.2m in the subsequent five seasons.
Like any investor who is not taking a dividend, Kroenke‘s long-term aim is to create value in order to maximise a return. And operating profit is central to this ambition.
While the KSE regime have invested heavily in recent years to make Arsenal competitive once again on the pitch, their strategy from a broader perspective will likely focus on operating income.
That means greater emphasis on merchandise, sponsorship, TV cash and matchday income.
When will Kroenke sell Arsenal?
There is no knowing when Kroenke, now 76, will believe he has reached peak value from Arsenal.
A number of attempts to supercharge the club’s worth, such as Project Big Picture and the European Super League, have failed.
And with an independent regulator with the power to block these breakaway competitions for English football imminent, that means incremental growth is the only way forward – for now.
Arsenal make up around £2.5bn of that figure.
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