Stan Kroenke

Kroenke’s offer to buyout Usmanov confirmed & why Arsenal fans should be worried

Arsenal: Kroenke’s offer to buyout Usmanov

Two weeks after the Financial Times broke the story, Stan Kroenke has made his move.

It’s been confirmed on Tuesday morning that Stan Kroenke is on the verge of almost total control at Arsenal.

Kroenke holds 67% of Arsenal, while the second biggest shareholder is Alisher Usmanov at 30%.

The FT recently announced that Usmanov is ready to sell off his 30% shareholding in Arsenal after becoming disillusioned with his investment.

Kroenke has now officially offered to buy out the Russian billionaire in a deal valuing the Gunners at 1.8 billion pounds.

To be clear, Kroenke will offer £550 million to buy out Usmanov’s stake.

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Will the deal happen?

There appears to be little doubt that Kroenke will buy out Usmanov imminently.

Kroenke, often dubbed ‘Silent Stan’ for the distance he keeps from Arsenal, has released the following statement:

We at KSE are moving forward with this Offer leading to 100% ownership of the Club. We appreciate Mr Usmanov’s dedication to the Arsenal Football Club and the storied ethos and history the Club represents.

It’s been well documented over the years that Usmanov isn’t a fan of Kroenke. Indeed, both parties have tried to buy the other out previously.

Usmanov offered Kroenke $1.3bn for his stake in the Gunners, which was rejected. While Kroenke has offered Usmanov £525m for his shares, which was also rejected.

Why Arsenal fans should be concerned

Arsenal fans may now be sweating about the future of their club.

Indeed, the Arsenal Supporters Trust have taken to social media in recent days to explain why they are so fearful of Kroenke having total power at the Gunners.

But what can the AST do about this?

Sadly, they seem to be reduced to shouting from the sidelines, unable to affect the activities of the club.

Which is how most Arsenal fans have felt for seasons…

Also see: Arsenal’s 2018-19 depth chart

Arsenal betting tips and predictions for 2018/2019.