Stan Kroenke, Arsenal’s majority shareholder is hoping to take full control of the North London club after offering a massive bid to Alisher Usmanov.
Arsenal’s second-largest shareholder, Alisher Usmanov, has received a huge £525 million offer to hand over his 30.4% shareholdings in the club, as reported by the Guardian.
Both Billionaire shareholders have been at logger heads for some period now as they both look to wrestle the shares remaining in their favour.
Back in May, the Russian Billionaire lodged a bid to Stan Kroenke which was subsequently turned down. But the American Billionaire has now tested the resolve of Usmanov with the latest offer.
At the moment, Stan Kroenke owns 67% of Arsenal with Russian Usmanov holding a 30.4% stake. The left over shares are spread across several minority shareholders.
A media spokesperson was around to comment on the bid situation: “We [Arsenal] are owned 97% by two very wealthy individuals [Stan Kroenke and Alisher Usmanov] but it is a disappointment that they [both Billionaires] have never managed to get together [meet] and see eye to eye to move the club [Arsenal] forward,” as per Guardian.
The big question is will Usmanov sell his shareholdings? Watch this space.
But, in the meantime, Arsenal fans can drop their comments and let us know what you think about the situation below.