Arsenal supremo Stan Kroenke has addressed shareholders today at the club's AGM.
On the pitch, Arsenal have recovered form after a terrible start to the new season, and booked their place in the quarter-finals of the Carling Cup earlier this week with a seventh win in their last eight matches.
"What a wonderful club," Kroenke said.
"We are involved extensively in sports in the United States and had lots of opportunities to involve ourselves in lots of clubs around Europe and in the [English] Premier League.
"We did not have an interest, but as we became involved with Arsenal in a commercial undertaking in Denver, I became more interested.
"Arsenal has all the elements that you need to have success in this kind of business.
"[The club] has tremendous management at the top, a wonderful manager on the pitch who makes great decisions in regard to personnel, and a tremendous following with the supporters.
"With all those things in place, it was an easy decision for us to get more involved."
Kroenke added: "We are glad to be here, are happy with the direction of the club and are here for the long term - we love London, you had better get used to seeing us, because we will be around."