https://www.football.london/arsenal-fc/news/stan-kroenke-arsenal-money-loan-18572846
In loaning Arsenal the money to buy their bonds early KSE have removed the financial covenants which required the club to set aside a significant sum in their accounts every year. They will still have to repay the loan from their parent company, the terms of which have not been revealed.
However if KSE were to be repaid under more generous terms than the financial institutions that held these bonds then Arsenal's annual payments in interest and debt repayments, which totalled £20million in 2018 and 2019, will be reduced.
The Gunners have also held £36.8million in debt service reserve accounts under the terms of the bonds, that sum acting as security for future payments. They will no longer be required to retain this sum.
Though the loan from KSE will offer Arsenal greater financial security the major investment from ownership is not intended to strengthen the club's transfer budget but rather to offer it the stability to operate in financially strained circumstances.
