Stan Kroenke Arsenal takeover Q&A: What Alisher Usmanov buyout means

Kroenke set to take full control of Arsenal FC in bid valuing club at £1.8bn

Arsenal supporters slam 'dreadful' US sports mogul takeover

"We appreciate Usmanov's dedication to the Arsenal Football Club and the storied ethos and history the club represents".

It also said that Kroenke would be able to "implement detrimental actions", including "pay [ing] management fees and dividends without any check or balance" and "plac [ing] debt onto Arsenal to support his other business interests".

Although a KSE statement explains that taking the club private will help to further Arsenal's "strategy and ambitions", news of the buyout has not been well received by Arsenal Supporters' Trust.

Usmanov has also released a statement and said: "I have made a decision to sell my shares in Arsenal Football Club which could be the best football club in the world".

Kroenke's offer to shareholders values the Gunners at £1.8bn.

Kroenke, who largely avoids the media spotlight, owns a string of U.S. sports clubs including the U.S. Denver Nuggets basketball team, the Los Angeles Rams American Football team and the Colorado Rapids of Major League Soccer. The deal was published on the London Stock Exchange Tuesday. Since then, the number has increased to seven full or partial owners of top-flight clubs.

In a statement, Red and White Securities confirmed their acceptance of the deal on offer from KSE.

Malaysia's former PM Najib to be charged with money laundering
Legal experts say the boat could bolster the case against Najib and others linked to the scandal. The superyacht arrived in Malaysian waters today and is now berthed at Port Klang.

Unlike Chelsea owner Roman Abramovich, Kroenke has never injected his own cash to help fund transfers or other deals, something Usmanov had said he was willing to do.

With Arsene Wenger departing after more than 20 years from the Arsenal manager's seat and being replace by Unai Emery, Gunners fans would have been hoping for relative calm before the start of the new season. Sky in Italy reported recently that he is a target for AC Milan and could leave the club. In essence, Kroenke can now do whatever he wants with Arsenal and that is worrying for those who are aware of how he runs his teams in the United States.

What does it mean for the fans?
Buying up Usmanov's shares puts him over the 90-percent threshold that allows him to force out smaller remaining shareholders, who own a combined three percent.

The deal will also force the sale of the remaining 3% of shares which are now held by smaller companies or individuals, many of whom are Arsenal supporters.

"KSE, a DE corporation wholly-owned by Mr E. Stanley Korenke, now holds 41,743 Arsenal Shares, representing approximately 67.09 per cent of the existing issued share capital of Arsenal".

"The AST is also extremely concerned to note that this purchase is being funded by a loan", the statement continued.

Latest News