The Independent wrote earlier that Kroenke, who purchased a 67 per cent share in Arsenal in 2007, launched a "takeover bid to assume full control of Arsenal after securing the backing of minority shareholder Alisher Usmanov", reports Tass news agency
Stan Kroenke. Pic/AFP
US sports mogul Stan Kroenke, who owns a controlling stake in the London-based Arsenal Football Club, has struck a deal to buy Russian metals magnate Alisher Usmanovs 30 per cent share, according to a media report on Tuesday.
The Independent wrote earlier that Kroenke, who purchased a 67 per cent share in Arsenal in 2007, launched a "takeover bid to assume full control of Arsenal after securing the backing of minority shareholder Alisher Usmanov", reports Tass news agency.
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According to the Financial Times, the deal worth 550 mln pounds (over $711 mln) will give Kroenke "sole ownership" of the football club. The Financial Times said in July that Usmanov was "actively exploring a sale of his stake in Arsenal, accepting that the London-based football club's majority owner, the US sports mogul Stan Kroenke, will never sell control to him."
The newspaper added that in October 2017, Usmanov had turned down a 525 mln pound ($679 mln) offer from Kroenke to acquire his shareholding. Following the deal, Arsenal's net worth reached 1.8 bln pounds (more than $2.3 bln).
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