[CENTER][SIZE=7] Stan Kroenke’s £1.8bn bid to buy Arsenal accepted by second largest shareholder Alisher Usmanov[/SIZE][/CENTER]
https://www.telegraph.co.uk/content/dam/football/2018/08/07/TELEMMGLPICT000171142438_1_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQfyf2A9a6I9YchsjMeADBa08.jpeg?imwidth=450
Arsenal’s majority owner Stan Kroenke has had a bid accepted by the club’s second largest shareholder Alisher Usmanov to complete a full takeover at The Emirates.
Kroenke has offered to buy Usmanov’s 30 per cent stake in a deal that values Arsenal at £1.8 billion and The Telegraph can confirm that Usmanov has already decided to accept these terms.
The Kroenke statement also say that Kroenke Sports Entertainment, a company wholly owned by Kroenke, has received an irrevocable undertaking from Red and White Securities - the company owned by Usmanov - to accept the offer for his 18,685 shares.
Usmanov, then, will receive around £540 million from Kroenke for his Arsenal shares. The news will bring to an end a takeover battle at Arsenal that has lasted more than a decade, but which was effectively settled in 2012 when Kroenke secured his majority holding after buying the shares of Danny Fiszman and Lady Bracewell-Smith.
Since then, although Usmanov has always hoped that Kroenke would lose interest and be willing to sell, he has had no power, influence or involvement for his investment…
Sasa top 4 haionekani tena…
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Stan Kroenke has promised a “new chapter” in the history of Arsenal, but the club’s supporters’ trust has described confirmation of his imminent takeover as a “dreadful day for Arsenal Football Club”.
Kroenke has had a bid worth around £550 million accepted by the club’s second largest shareholder Alisher Usmanov for his 30% stake and, with that deal taking him to more than 97% of shares, he then intends to exercise a legal option to complete the compulsory acquisition of the remaining shares.
In the offer document, Kroenke had confirmed that he would re-register Arsenal as a private company, something that he argues will allow the club to move more quickly in pursuing its strategy. He also points out that 18 out of 20 Premier League clubs are currently privately owned.
And now…
[CENTER][SIZE=7]Alisher Usmanov could now invest further in Everton after deal is agreed to sell Arsenal shares to Stan Kroenke[/SIZE][/CENTER]