Arsenal shareholder Stan Kroenke is set to invest in a major new development which could see an NFL (National Football League) franchise return to Los Angeles, according to the LA Times.
Los Angeles is the United States’s second city but does not currently have an NFL team.
Kroenke owns the Rams NFL, who is currently based in St Louis but were located in Los Angeles until 1994.
The American plans to build an 80,000-seater stadium in the Inglewood suburb.
He is the majority shareholder of Arsenal, owning 66.94% of the club.
Inglewood Mayor James Butts said: “This proposal doesn’t ask for nor will ever be offered any public funds, so what you have here is a developer, Stan Kroenke, who has invested in Inglewood and we are glad to have him here.”
Kroenke has partnered with real estate firm in Stockbridge Capital Group, which owns the 238-acre Hollywood Park site in Inglewood.