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What does Stan Kroenke's takeover of Arsenal mean for the club?
The first thing to note about Stan Kroenke’s takeover is that it cannot be stopped. The American already owns 67% and has secured an irrevocable commitment from Red and White Holdings, owned by Alisher Usmanov, for the Uzbek billionaire’s 30%. Under UK takeover rules, anyone owning more than 90% of a company’s shares becomes a “dominant owner” and can force any other shareholders to sell their stock for a fee. Kroenke Sports & Entertainment has said it intends to do precisely that. This means Arsenal Holdings, the club’s parent company, will cease to be a public limited company, with shares that are publicly traded. Why Stan Kroenke’s sole ownership of Arsenal is worrying...
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-5y from TheGuardian.com
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