Published: Thu, May 25, 2017
Sport | By Gary Shelton

Stan Kroenke releases statement on Arsenal

Stan Kroenke made his stance known following a $1.3 billion bid by a fellow shareholder, Alisher Usmanov after the club failed to clinch the premier league title once again.

After Arsenal missed out on Champions League qualification for the first time in 20 years, Thierry Henry says the fans deserve answers about the future of the club.

The American increased his shareholding - through his company Kroenke Sports Enterprise - to 67.05 per cent of the club with a purchase of 23 ordinary shares in May 2016.

It added: "KSE is a committed, long term investor in Arsenal and will remain so".

Arsenal owner Stan Kroenke has broken his silence to warn rival shareholder Alisher Usmanov that the club is not for sale.

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As noted in the report, there has been tension between Usmanov and Kroenke, with the latter not allowing the former a place on the club's board. The company, run by American sports mogul Stan Kroenke, now own 67% of the Gunners having steadily acquired more shares since initially buying a 9.9% stake back in 2007.

But with Kroenke showing no interest, the bid has in effect been rejected, though Usmanov is yet to receive written confirmation. In the background is Arsenal's second highest stakeholder, Usmanov, the Russian Billionaire who owns a 30% stake.

Seaman, who played for Arsenal between 1990 and 2003, told Omnisport (via goal): "All that concerns me, whatever happens, is I want there to be more money available for the manager".

Mr Usmanov is not planning on disposing of his stake and the offer to buy out Mr Kroenke came from a desire to work co-operatively and strengthen the team, one of these people said.

What with the distinct possibility of Arsenal missing out on £50million's worth of Champions League revenue next season, Usmanov was apparently hoping to strike while the iron was tepid.

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