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Arsenal set for £525m buy-out bid, shareholder eyes 97 percent stake in AFC
Arsenal majority shareholder Stan Kroenke has reportedly made a bid of almost £525m to buy out Alisher Usmanov and take almost full control. The wealthy American currently owns 67 percent of Arsenal's shares, while Usmanov holds a 30.4 percent stake. Add that together, and it would increase the former's shareholding to more than 97 percent, as per The Guardian. It comes after Usmanov has unsuccessfully tried to take over the club from the American, and so now it remains to be seen what comes of this latest development with Kroenke's popularity with the Arsenal fans extremely low. It's claimed that he's offered £28,000 per share to buy out the Russian, while he's likely to have few...
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