Join Now

Stan Kroenke makes £525m offer to buy Alisher Usmanov’s Arsenal shares

Tuesday - 03/10/2017 20:42
• Power struggle at Arsenal intensifies as American looks to buy out rival
• Fans fear move would put Kroenke in position to squeeze out shareholders

Arsenal’s majority shareholder, Stan Kroenke, has bid almost £525m to buy out Alisher Usmanov, the second-largest shareholder who has tried several times to wrest control of the club. Only last May the American resisted Usmanov’s latest attempt at a takeover, and within the past couple of weeks this slow-burning struggle for full control took a twist as Kroenke offered £28,000 per share for the Russian’s stake.

Kroenke owns 67% of Arsenal; Usmanov has a 30.4% stake. The remaining shares belong to minority shareholders, many of whom have preserved a small holding for decades, even passing down the generations. Having two main investors who do not have a working relationship, despite having been on the scene for the past 10 years and who appear to hold one another in low regard, is not a healthy situation. Usmanov has never been able to secure a seat on the board or influence any decisions and both men know this will continue with the current awkwardly cut pieces of the Arsenal cake.

Read More (...)

 Key: Arsenal

Total notes of this article: 0 in 0 rating

Click on stars to rate this article

  Reader Comments

Newer articles

Older articles


©2018 VidoStream. All Rights Reserved.
Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.


You did not use the site, Click here to remain logged. Timeout: 60 second