The Gunners were one of six Premier League teams who signed up for the failed project back in April.
It led to protests by fans outside the Emirates Stadium – resulting in the Gunners being one of the first teams to pull out following the negative supporter reaction.
Arsenal director Josh Kroenke admits the club were wrong to join the European Super League
A protest was held at the Emirates following the collapse of the failed Super League project
Kroenke has been interviewed by Sky Sports ahead of their clash with Watford on Sunday, in which he said it would be worse for their to be a Super League without the club.
When asked if it was the lowest point in the relationship between club and supporters, he responded: ‘I wouldn’t disagree with you.
‘I’ll say it that way. But as someone that always tries to find the positives in things, when you’re at the bottom, there’s only one way to go and that’s back up.
Fans called for owner Stan Kroenke (left) to sell the club though Josh stated the owners had no intention of selling
Josh Kroenke says that a ’48-hour period’ shouldn’t define their relationship with supporters
‘I said this to our fan advisory board who we met with, I don’t want a 48-hour period to define us.
‘We were presented with an opportunity. We asked ourselves a question, which was what was worse, a Super League or Super League without Arsenal? And we answered that question that we should be included in that. Were we wrong?
‘Obviously. We listened to our fans. We made a quick pivot, removed ourselves from the situation. We apologised, and now we move forward.
‘And some of the dialogue that I’ve had with some of the support groups has been as clear as crystal and I couldn’t be more excited to be communicating with them on the level that I am because I understand who they are and now they’re understanding who I am.
‘And I think the more we understand each other it’s exciting because the only thing that we want is for Arsenal Football Club to be great.’
The ESL project was announced initially on April 19, but after wide backlash the project collapsed within 48 hours.
More than 3,000 Arsenals fans protested against the Kroenke’s ahead of their game with Everton on April 23
Arsenal’s statement at the time they withdrew read: ‘The last few days have shown us yet again the depth of feeling our supporters around the world have for this great club and the game we love.
‘We needed no reminding of this but the response from supporters in recent days has given us time for further reflection and deep thought.
‘It was never our intention to cause such distress, however when the invitation to join the Super League came, while knowing there were no guarantees, we did not want to be left behind to ensure we protected Arsenal and its future.
‘As a result of listening to you and the wider football community over recent days we are withdrawing from the proposed Super League. We made a mistake, and we apologise for it.’
On April 23, a group of over 3,000 Arsenal fans gathered outside the stadium protesting against owner Stan Kroenke.
In response to this, Josh Kroenke stated that the owners had no intention of selling their stake.