Arsenal news: Stan Kroenke makes £525m bid to buy Alisher Usmanov’s shares in Gunners

ARSENAL majority shareholder Stan Kroenke has tabled a bid worth £525million to buy out the second-largest shareholder Alisher Usmanov.

Stan KroenkeGETTY

Stan Kroenke wants Alisher Usmanov's Arsenal shares

Kroenke currently owns 67 per cent of Arsenal, with Usmanov possessig a 30.4 per cent stake in the Premier League club.

Both shareholders have tried several times to take full control of the club, with Usmanov said to have launched a £1billion bid to buy the Gunners back in May.

And now The Guardian claim Kroenke has offered £525m to buy out Usmanov’s shares.

Should Kroenke succeed in his latest attempt, it would take the his stake to 97 per cent.

Alisher UsmanovGETTY

Alisher Usmanov has a 30.4 per cent stake in Arsenal

Stan Kroenke makes bid for Alisher Usmanov's Arsenal shares

And this would allow the American businessman to squeeze out the minority shareholders and potentially turn the club into a privately owned business.

The Arsenal Supporters’ Trust are set to contact Usmanov and urge him not to sell his shares in the club.

“The AST continues to believe that Arsenal is too important to be owned by any one person,” said an AST spokesman. 

“The best ownership model for Arsenal will always include supporters being represented and involved in the ownership structure as shareholders. 

“We understand the reality that any stake in Arsenal is available to buy at any time should someone make an acceptable bid.

“But we will oppose any attempt to buy the club outright and take it into single ownership.”

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