U.S. billionaire Kroenke seeks to buy all of Arsenal

Soccer Football - Premier League - Arsenal vs Burnley - Emirates Stadium, London, Britain - May 6, 2018 Arsenal owner Stan Kroenke applauds from the stands Action Images via Reuters/Matthew Childs - Copyright Matthew Childs(Reuters)

By Reuters

Published on 07/08/2018 - 08:33•Updated 25/04/2024 - 20:02

Comments

LONDON (Reuters) - Stan Kroenke, the majority owner of Arsenal, has made an offer to buy all of the English Premier League club in a deal that values it at around 1.8 billion pounds ($2.33 billion), after he secured the backing of minority owner Alisher Usmanov.

The American billionaire, who already owns 67 percent of the club, said in a statement to the London stock exchange that he thought the club would benefit from being taken private.

(Reporting by Kate Holton; editing by Michael Holden)

Comments

U.S. billionaire Kroenke seeks to buy all of Arsenal

You might also like

French ski resorts to open at Christmas but lifts will remain closed, says French PM

Sportel jamboree honours Dan Carter

Sharapova's sponsors Nike, Head and Evian stand by her despite doping ban