Arsenal’s major shareholder is insistent that his shares aren’t for sale
KSE UK issue statement to London Stock Exchange regarding interest in the Gunners
by Abi Moses on 1st June, 2017
The majority shareholder of Arsenal, Stan Kroenke has insisted that his shares in the club 'are not and have never been for sale'. He’s stated that he will remain a committed shareholder to the club therefore is not planning on selling his stake.
On Monday, KSE UK issued a statement to the London Stock Exchange according to their interest in the Gunners.
The statement was made after recent media speculation which concerned the Premier League club. This season the club missed out on the top four for the first time since 1997.
A Russian businessman that currently owns 30 per cent of the club offered £1billion to buy the club. Alisher Usmanov suggested the figure to Kroenke which has since declined by stated that he has no intention of relinquishing any of the percentage that he’s invested (67 per cent).
The statement which has been released by the London Stock Exchange said: "KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms that its shares are not, and never have been, for sale.
“KSE is a committed, long term investor in Arsenal and will remain so.”
Arsenal insiders are said to be confident that he won’t go back on his word as Kroenke’s son, Josh, is heavily involved and is keen to further this involvement. Josh has played football and a high standard of basketball, therefore has always followed premier league football. During an interview, he stated that he remembers being very excited about his father investing in Arsenal.
However, its been speculated that Usmanov offered that money to test the club’s position to lose their Champion’s League income. The money that’s been invested has very much underpinned the financial stability of which has grown while being managed by Wenger and Kroenke.
It’s thought though that if Usmanov’s investment may have spared the club’s capital repayments on the stadium debt. It may have also had this effect on the £20 million outstanding interest charges.
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