American billionaire Stan Kroenke is delighted to be joining Arsenal's board.

"It is a real honour to be invited to join the board of Arsenal given their pre-eminent reputation and position in football worldwide," said Denver-based Kroenke, who through KSE has owned the St Louis Rams, Denver Nuggets and Colorado Rapids in his homeland.

"I hope my background in sports management will be an asset to Arsenal in their commercial dealings going forward."

Gunners chairman Peter Hill-Wood added: "We are delighted to welcome Stan to the board of Arsenal.

"He brings with him a wealth of experience through his direct involvement in sports clubs in the US and we expect to benefit from his commercial insights and knowledge."