dglobalnews.com Stan Kroenke insists Arsenal shares not for sale
Published: Mon, May 22, 2017
Sports | By Jeannette Edwards

Stan Kroenke insists Arsenal shares not for sale

Arsenal minority owner Alisar Usmanov is looking to purchase the majority stake in the club from multi-sport owner Stan Kroenke.

Usmanov owns 30 percent of Arsenal's shares, but is not part of the board or involved in decision-making at Emirates Stadium.

He remains fully committed to the club and, even though Usmanov's offer would net him a massive profit, he is not minded to sell.

While the pair have been at loggerheads for years, Usmanov is said to be "increasingly concerned" about the lack of investment being made in the club by "Silent Stan" and his board, from which the Uzbekistan steel magnate has been excluded.

American business entrepreneur Kroenke has been involved with Arsenal for the past decade, with the 69-year-old taking his stake in the club from 12% to 67% during that time.

There is little love lost between the two feuding Arsenal shareholders.

The Financial Times first reported that Usmanov made the recent offer to buy out Kroenke, who also owns Los Angeles Rams NFL team and Major League Soccer's Colorado Rapids.

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The Gunners have just endured their worst campaign since Arsene Wenger took over as boss back in 1996, although their campaign can seemingly be saved with a last-ditch entry to the Champions League, as well as having the FA Cup final to play out.

"We need an owner like Abramovich, who wants to win".

He said: "Abramovich is a victor, Stan Kroenke sees it as another asset".

Wenger, however, accepts doubts surrounding whether or not he would be staying on past the end of his current contract have contributed to an "absolutely horrendous" environment at the north London club.

However, he blamed the uncertainty over his future for contributing to the club failing to qualify for the Champions League. The approach, made last month, values Arsenal at $2bn.

"Overall I believe we played since January in a very hard environment for different reasons", Wenger said.

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