Stan Kroenke has had a bid accepted by Alisher Usmanov to become the sole owner of Arsenal Football Club (via The Telegraph).
It’s the news which the vast majority of Arsenal fans have dreaded but Stan Kroenke and KSE Holdings are now reportedly the sole owners of the football club.
The news spells an end to a decade-long power struggle in the Arsenal boardroom which culminated in Stan Kroenke’s bid to buyout Alisher Usmanov’s shares.
Usmanov and his company, Red & White Holdings owned 30% of the club’s shares but has reportedly accepted a £540 million offer from Kroenke and KSE Holdings.
“We at KSE are moving forward with this offer leading to 100% ownership of the club,” said Kroenke.
“We appreciate Mr Usmanov’s dedication to the Arsenal Football Club and the storied ethos and history the club represents.”
The deal will also force the sale of the remaining 3% of shares which are currently held by smaller companies or individuals, many of whom are Arsenal supporters.
With that in mind, the message from the Arsenal Supporters’ Trust was a lot less dire.
“This news marks a dreadful day for Arsenal Football Club,” said the AST’s official statement.
“Stan Kroenke taking the Club private will see the end of supporters owning shares in Arsenal and their role upholding custodianship values.
“The AST is wholly against this takeover. Arsenal remains too important to be owned by any one person.”
It is a time of tremendous change at Arsenal Football Club and it appears as if Stan Kroenke has used that as an opportunity to take full control of the club. This will fundamentally change how Arsenal FC operates as a business with events like the AGM a thing of the past.
Read more: allarsenal.com
Football Free Bets
Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.New Customer offer. Place 5 x €10 or more bets to receive €20 in free bets. Repeat up to 5 times to receive maximum €100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs applyNew customers only. Min Deposit £10. Deposit & bonus amount must be wagered 6 times (min odds 4/5) prior to withdrawing bonus funds and any winnings. Wins from real money bets withdrawable at any time. Bonus on sports betting only. T&Cs apply. Available to New Players only | 6 Qualifying bets | Horse Racing bets do not Qualify | Min stake £10 | Max Bonus £35 | No E-Wallets | Min Odds Evens (2.0) or 2/5 (1.4) for combos | BeGambleAware.org | 18+ | Terms and conditions apply.18+, T & C's Apply, gambleaware.co.uk.New UK & NI customers only. 18+. Sign up using promo code ‘SPORTS60’. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +. £30 paid in free bets within 48 hours of bet settlement, expires 7-days after issue. Offer not available to those registering on 06/04/2019. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 60 days of bet placement. SMS validation may be required. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&Cs apply.18+, Full T & C's Apply, gambleaware.co.uk.New customers only – Minimum deposit of £10 using deposit code 30f - A qualifying bet is a ‘real money’ stake of at least £10 (£20 e/w) placed on any sports markets - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply - full T&C’s applyT & C Apply, 18+, gambleaware.co.ukT & C Apply. 18+. UK+IRE only. Min first bet £5. Must be placed within 14 days of account reg. £20 credited as 4 x £5 free bets. Not valid with CashOut. Free bet valid for 4 days.New William Hill online customers only. Min. unit stake of £10/€10 at odds of 1/2 or greater. Only the “win” part from EW bets will count. Free bet terms, payment method & country restrictions apply. Free bets credited as 3 x £10/€10. Free bet stakes are not returned as part of the settlement of successful free bets. All Free Bets must be wagered within 30 days.