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Arsenal subject to takeover offer with club valued at £1.8bn

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Arsenal could be set for another major change behind the scenes as reports state the Gunners are subject of a takeover offer from majority shareholder Stan Kroenke.

The BBC reports American billionaire Kroenke has made a £600m offer to buy the whole of the north London side in a deal that would see the Gunners valued at a total of £1.8bn.

Kroenke already owns a 67% stake in the club and it is stated Alisher Usmanov, who owns 30%, has agreed to a sale of his shares after it became clear that his dreams of becoming majority shareholder in the future would not be fulfilled.

Usmanov made a £1bn offer to buy Kroenke out of the club earlier this year but Kroenke rejected the approach, with a statement making it clear he is invested for the long-term at the Emirates Stadium – although he remains unpopular with a wide range of supporters.

Acquiring Usmanov’s shares would require Kroenke to purchase the remaining 1,779 shares, which are valued at £52.3m, as they would pass the 90% threshold.

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