Kroenke closes on takeover
Gunners set to come under American control
Stan Kroenke has confirmed he has increased his stake in Arsenal to 62.89% as he closes in on a takeover of the club.The American, who already owned 29.9% of the club, has increased his shareholding after agreeing deals to buy shares owned by Danny Fiszman and Lady Nina
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omg who added this tag, he hasn't done anything this time for once!!!!
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Recommended Offer by KSE For Arsenal Holdings
Today KSE, UK, INC. (“KSE”) has announced an Offer for Arsenal Holdings PLC.
As part of the Offer KSE, which is a company owned by existing Arsenal Director Stan Kroenke, has committed to continue to operate the Club in line with our existing self-sustaining business model.
Mr Kroenke has a proven track record of successful long-term investment in sport and has confirmed that he has asked the existing Board to remain in place. This includes Mr Peter Hill-Wood as Chairman. Mr Kroenke is also fully supportive of Manager Arsène Wenger whom he has stated is a wonderful manager.
KSE has also stated that the offer will not be funded by debt finance secured against the Club. These confirmations are outlined in full in the press release, which is available here. [Insert link ( ... )
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