Slartibartfast
CIES Loyalist
I mean... Yeah, we've made bad financial decisions when it comes to players.
What Kroenke is doing is using his equity in Arsenal as financial leverage towards the $1 billion dollar loan he took out to build the Rams' new stadium. This means he's more focused on not just keeping a balanced budget but making money and not spending it (he needs Arsenal to be in good financial standing with the banks, which means he wont take any financial risks and instead be a stingy owner). Given he doesn't have to make the financial reports public, I'm sure he'll be taking more money out at some point.
Arsenal was not used to secure Kroenke's loan. This is a myth that's been perpetuated by Arsenal fans for quite awhile now, but Arsenal is safely separate from Kroenke's stadium venture (which, by the way, will be one of the greatest moneymaking ventures in sports history and as safe a bet as can possibly be imagined). Nor has he taken a penny from Arsenal to fund the stadium. Kroenke has a personal fortune of about $8.5 billion and, in a pinch, the Walmart fortune. He doesn't need Arsenal to leverage a loan. He put $1.6 billion of his own money into the project.