Using the hashtag #WeCareDoYou, supporters have urged the American businessman to show better leadership.
“It feels as though Arsenal is at a crossroads,” read a statement. “Things need to change.
“What all of us as signatories to this statement want to see is meaningful action by Stan Kroenke to reinvigorate our football club.
“This requires work to strengthen the club’s board and football executive and to once again make Arsenal a place where fans have a real sense of belonging.”
READ MORE: Man Utd agree £80m Harry Maguire transfer
“Arsenal fans have united against Stan Kroenke”
Arsenal failed to finish in the top four last season.
They also slumped to a 4-1 defeat against Chelsea in the Europa League final.
Despite every growing disquiet at the Emirates, Unai Emery is expected to have limited transfer funds this summer.
He wasn’t given any cash to spend in January. Denis Suarez was the only arrival on loan from Barcelona.
The midfielder made little impact before he was returned to his parent club.
The Gunners have made one acquisition during this transfer window and lost Aaron Ramsey on a free transfer to Juventus.
Youngster Gabriel Martinelli has been drafted in from Brazilian outfit Ituano.
Following the announcement by Arsenal’s united band of supporters, Twitter users were quick to comment.
“Ever since your arrival Stan kroenke the club is been experiencing a setback including your transfer policy,” read one post.
“How can you appoint a new manager with a transfer kitty of £70m in his first season and a loan policy in January windows. And again a meagre £40m.”
Another added: “How can your club owner not even be bothered to turn up to his clubs first European cup final in 12 years!!! Shocking!!
“I am with my fellow Arsenal fans,” replied one more.
“And I’m begging you Stan Kroenke, we honestly know that you are an unfortunate fellow and we want to fix that by begging you to leave our club so that we can improve.”
Kroenke owns Kroenke Sports & Entertainment which is the holding company for Arsenal and NFL heavyweights the LA Rams.
The 71-year-old also owns NBA outfit the Denver Nuggets, Colorado Avalanche in the NHL and Colorado Rapids in the MLS.
Last year Kroenke agreed a £600m deal with Alisher Usmanov that took him beyond Arsenal’s 90 per cent ownership threshold.
He was then obliged to buy all of the remaining shares.