Stan Kroenke owns Arsenal
The news broke early on Tuesday morning: Stan Kroenke is taking over total ownership of Arsenal.
Kroenke is buying out Arsenal’s second largest shareholder Alisher Usmanov.
Usmanov is set to sell his 30% shareholding in Arsenal for around £550 million.
That values Arsenal at a total of £1.8 billion.
Once Kroenke, who already owns 67% of the club, owns Usmanov share too, the American will be able to force a compulsory buy-up of all the remaining Arsenal shares.
Those shares are currently owned by fans of the club.
Arsenal fans turn on each other
And just like that, all the good atmosphere surrounding Unai Emery’s start at Arsenal has gone.
Arsenal fans are now worried about the future of their club.
While, as could have been predicted, some Arsenal fans are turning on each other on social media.
The Arsenal Supporters’ Trust, AST, are coming under attack from certain sections on the Gunners fanbase.
The AST have come out against Kroenke’s takeover, but have they left their actions too late?
Arsenal fans eat each other
Kroenke’s actions will neuter their voice and involvement. It is in effect legalised theft to remove shareholder scrutiny on how Arsenal is managed. The AST is wholly against this takeover. Arsenal remains too important to be owned by any one person.
— AST (@AST_arsenal) August 7, 2018
Your voice is already neutered. What changes have been made in consultation with fans that are anything other than cosmetic? The takeover is not good, but I don’t see how it materially changes anything. If you want Kroenke out, stop buying his product – same as before.
— Arsenal Truth (@TruthArsenal) August 7, 2018
In all honesty, I wouldn’t go to meet Tim Payton and the AST either. Just saying. https://t.co/qfu2tXhag0
— TFN (@TheFalseNein) August 7, 2018
Maybe if the AST didn’t sit kissing arse and taking selfies all thinking they’re a somebody and actually stuck it on them years ago we wouldn’t be here now. https://t.co/QKpOJjShbj
— GUNNERVLOGS 💥 (@LeeGunner82) August 7, 2018
I wish I could RT this more than once. https://t.co/reDUKLPj7T
— MR DT © (@MrDtAFC) August 7, 2018
Can’t see the loss of Usmanov, Morgan and the AST as anything but a cause for celebration.
— Tim Head (@foreverheady) August 7, 2018