stan kroenkeThey may be struggling to buy a striker, but Arsenal owner Stan Kroenke has just bought a mega piece of property for more than Ksh 73 Billion.

The 535,000-acre property in Texas is bigger than Los Angeles and New York City combined. It is also bigger than Seychelles and Mauritius.

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More than 750 cowboys work the land, and are accommodated in 20 camps when they are out on the range

It had been listed for $725 million.

Apart from being the largest shareholder in Arsenal, Kroenke owns NFL side Los Angeles Rams.

He is worth $6.3billion, while his wife Ann Walton (Walmart heiress) is worth $4.9 billion. $725 million is therefore not about to dent their fortune.

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The estate includes hundreds of homes, 20 cowboy camps and thousands of cattle. It’s been called the ‘Statue of Liberty’ of cowboy culture
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The ranch, which is spread over more than 800 square miles, has 7,500 cows and 500 quarter horses

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Heirs and stakeholders currently occupy two of the three principle houses and much of the estate has not yet been explored for oil and other mineral reserves

‘This is an incredible opportunity and an even greater responsibility,’ Kroenke said of the purchase.

‘We are honored to assume ownership of the Waggoner – a true Texas and American landmark –and are deeply committed to continuing the proud legacy of W.T. “Tom” Waggoner, his family and his descendants.

‘Our gratitude to them and to the many parties involved in this process is immense. We will continue to preserve and protect this uniquely American treasure.’

Cattle baron Dan Waggoner established the estate in 1849 – and it has operated with its backwards ‘D’ logo ever since.

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Founded on 1849: Native American Indians on the W.T. Waggoner Estate Ranch
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As well as a piece of history, the ranch is a thriving business with various premises helping the huge estate turn a profit

The estate includes the 510,000-acre ranch spread over six North Texas counties, with two main compounds, hundreds of homes, about 20 cowboy camps, hundreds of quarter-horses, thousands of heads of cattle, and 30,000 acres of cultivated land.

Oil was discovered on the property in 1902 and there are now more than a thousand wells spread across the property.

The 510,000 acres on the estate make it the largest ranch in the United States under one fence. It has been under one family for more than 100 years.

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Local residents have been worried that oil wildcatters or foreign investors will divide up the land and fire ranch employees
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Heirs and stakeholders currently occupy two of the three principle houses and much of the estate has not yet been explored for oil and other mineral reserves
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There are reportedly 1,200 oil wells on the estate
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As well as oil and homes, there is a total of 30,000 acres of cultivated land

Kroenke, 68, is owner of Kroenke Sports Enterprises, which includes the NFL’s Rams, Major League Soccer’s Colorado Rapids, NHL’s Colorado Avalanche, NBA’s Denver Nuggets and the Colorado Mammoth of the National Lacrosse League.

In 2012, Kroenke bought another historic property, the 124,000-acre Broken O Ranch in Montana.

He also owns ranches in Wyoming, Arizona and British Columbia.

Additional reporting by The Sun and Daily Mail