Kroenke: Arsenal shares not for sale

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Stan Kroenke has issued a statement reiterating his long-term commitment to owning Arsenal after speculation circled this morning that he could be tempted to sell to Alisher Usmanov.

Journalist Matt Scott claimed that pressure was being exerted on the American billionaire to sell his majority stake in the Gunners by both his son, Josh, and two board members at the Emirates.

Within an hour, a statement from KSE was released via the Associated Press.

It reads: “KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms that its shares are not, and have never been, for sale. KSE is a committed, long-term investor in Arsenal and will remain so.”

On Friday the Financial Times reported that Usmanov, who owns just over 30% of the club, had tabled a bid for Kroenke’s 41,721 shares (67.05%) worth $1.3bn.

Is there more going on behind the scenes than meets the eye? Quite possibly. Either way, this is all getting a bit messy. And there’s no end in sight.

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