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Kroenke bid to purchase Usmanov’s shareholding in Arsenal.
Posted by: Boston Gooner
Date: 29/09/2017 12:57
By arseblog - September 29, 2017

Stan Kroenke has made a bid to purchase Alisher Usmanov’s shareholding in Arsenal, an offer which is currently under consideration by the Russian business magnate.

Back in May the Financial Times reported that Alisher Usmanov had made a bid to purchase Stan Kroenke’s shareholding in Arsenal.

The billionaire, who currently holds a 30.04% stake, tabled a £1.3bn offer which the American rejected, reaffirming his desire to maintain his own 67% shareholding.

Now, Arseblog News understands that Kroenke has turned the tables, and approached Usmanov two weeks ago with a bid to purchase his shares, a move which would give him more than 97% of the shares in the club.

The two men are not friendly, but Usmanov knows he will never have a seat on the board or any influence at Arsenal while KSE remain in charge.

His former partner in Red & Holdings, Farhad Moshiri, purchased a 49.9% stake in Everton in 2016, and his USM Holdings company put pen to paper on a five year deal to sponsor the Merseyside club’s training ground.

As yet the 64 year old oligarch has not accepted the bid, and is holding out for improved terms. However, the temptation that he could sell and immediately reinvest into Everton, teaming up with Moshiri once again, is obvious.

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