Posted on Sunday, 3rd March 2013 by Guest Blogger
Reports are circulating around the media that a powerful Middle Eastern investment group are preparing a gargantuan £1.5 billion takeover bid for Arsenal.
It is believed that the consortium group, which consists of wealthy investors from both Qatar and the United Arab Emirates, have been putting together the audacious offer for the last four months.
The Sun suggests the group are now ready to table their bid to majority shareholder Stan Kroenke within the next few weeks and aim to take Arsenal to the top, competing for the Premier League and Champions League season after season after season. It is understood the investors will offer the American Tycoon £20,000 per share for his 66.64% stake in the north London club.
If Kroenke decides to accept the proposed offer then he would pocket around £350 million in profit. In addition, the same offer will be made to the second highest shareholder, Alisher Usmanov, who holds 29.11%, if Kroenke agrees to sell.
The takeover group want to buy all the shares, thus control the club fully. However, if Usmanov decides not to sell then they could be willing to work with the Uzbek-born Russian business magnate, as he also wants change at the club.
If they are successful with their bid, then the Middle Eastern party also plan to clear any debts that the club may have, make sufficient funds available for potential transfers, keep hold of the big-name players, and slash ticket prices to attract real fans.
Quoted in The Sun, a source said:
‘These are serious investors with serious money. They are not messing about.
‘Kroenke must realise it is time to get out.’
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