Arsenal’s highest shareholder Stan Kroenke on Monday debunks speculation of his KSE UK company selling off his share of the London club.
insisting his company KSE UK’s shares in the English Premier League club “are not, and never have been for sale”.
Stan Kroenke In a statement to the London Stock Exchange, in response to the speculation making waves in the Media that his share the in Arsenal Holdings PLC and confirms that its shares are not, and never have been, for sale.” It
Kroenke maintained that “KSE is a committed, long term investor in Arsenal and will remain so.” The statement came after last Friday’s Financial Times reported that the Russian billionaire Alisher Usmanov had made a $1.3 billion (£998 million, 1.1 billion euros) bid to take control of Arsenal from Cringe.
According to reports, the Uzbekistan-born Usmanov owns 30 percent of Arsenal League club and was said to have recently made the offer in a letter to American sports entrepreneur Kroenke, who controls a 67 percent stake.
Usmanov, who had previously rejected bids to sale his share is been critised by increasing numbers of Arsenal fans this season, who were unhappy with what they saw as the board’s willingness to settle for on-field mediocrity so long as commercial stability was maintained.
