Kroenke makes offer to buy Arsenal in full

Published on: 07 August 2018

Arsenal's majority shareholder, Stan Kroenke, has made an offer to buy the whole of the club in a deal that would value the Gunners at £1.8bn.

The American billionaire owns 67% of Arsenal through his company KSE, which says Alisher Usmanov has agreed to sell his 30% stake in the club.

The buy-out announcement was made to the London Stock exchange on Tuesday.

Kroenke believes taking the club private will help the club achieve success.

More to follow.

Source: bbc.com

Comments