The American relocated his NFL franchise the St Louis Rams over 2,000 miles to the west coast – where they are currently playing in the Los Angeles Memorial Colosseum.
But they will eventually be housed in a state of the art new stadium in Inglewood which could cost close to a staggering $ 3 billion – more than $ 1 billion more than any other venue in United States sports history.
The stadium will be the centrepiece of huge development spanning 298 acres which will also include entertainment, retail and office space.
It will be part financed by the sale of naming rights, personal seat licenses and at least one $ 200-million stadium loan from the NFL under the league’s G4 program.
But according to the LA Times, Kroenke is looking to borrow around $ 1 billion from JP Morgan Chase & Co. to help fund the proposed Inglewood stadium.
Marc Ganis, president and founder of a Chicago-based sports business consulting firm, said the loan could be one of the largest ever taken out by a team to help finance a stadium project.
Set to open in 2019, the stadium will house the Rams and the Los Angeles Chargers.
It is not yet clear whether Kroenke will seek to finance any of the development by guaranteeing loans against the stake he has in Arsenal.
The Gunners have had a tumultuous summer, with fans unhappy at the lack of progress on and off the pitch.
The team have started the season with two defeats out of three, with the humiliating 4-0 loss at Anfield the latest in a string of heavy away defeats at top six sides in recent years.
On the transfer front, Arsenal have agreed a deal to sell Alex Oxlade-Chamberlain to Liverpool for £35 million, but football.london understands that there is no plan to actively replace the midfielder.
Meanwhile, Alexis Sanchez’s situation remains unclear, with the Chilean courting a move to Manchester City.
The forward is out of contract next summer, meaning the Gunners may have to cash in or risk losing him for nothing next year.