My shares in Arsenal not for sale – Kroenke

Arsenal majority shareholder, Stan Kroenke, has said his company KSE UK’s shares in the club “are not, and never have been, for sale.” This was contained in a statement to the Stock Exchange on Monday.

The American, who also owns NFL franchise Los Angeles Rams and MLS outfit Colorado Rapids, increased his shareholding at the Gunners to 67.05% in May 2016.

However, on Friday, Alisher Usmanov, who currently owns 30.04% of Arsenal through his Red and White Holdings investment vehicle, made a £1bn bid to become majority shareholder of Arsenal.

Kroenke has now confirmed that he is not interested in the deal.

“KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms that its shares are not, and never have been, for sale,” a statement read.

“KSE is a committed, long-term investor in Arsenal and will remain so.”

#arsenal #StanKroenke