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Stan Kroenke makes £525m offer to buy Alisher Usmanov’s Arsenal shares
These board-level manoeuvrings have been watched with interest by a consortium of longstanding Arsenal supporters who found heavyweight financial backing and tried to throw their hat into the ring three times during the past year. They made two inquiries to Kroenke at a valuation of £2bn for the club – £32,000 per share – and made a third attempt at a breakthrough in June via an olive branch idea to buy out Usmanov but that was dependent on a seat on the board and collaboration with Kroenke to create a more unified environment around the club. The Missouri-born entrepreneur turned down all three presentations.
A spokesman for the consortium, which has been in communication with Kroenke and Usmanov for close to a year, expressed concerns about the situation. “We are owned 97% by two very wealthy individuals but it is a disappointment that they have never managed to get together and see eye to eye to move the club forward. The benefit of their wealth and experience could have been felt in unison but Arsenal has not been able to gain from it.”
https://www.theguardian.com/football/2017/oct/03/stan-kroenke-makes-525-offer-usmanov-arsenal-shares
The consortium’s bid to try to make a difference and lift the club remains on the table. “We absolutely retain an interest,” the spokesman said. “We are a group of experienced local business folk who have had a longstanding involvement with Arsenal. We came together three years ago with a vision to dislodge the impasse that exists with the current ownership. We wanted to find an alternative. Our group have spent three years searching for the right backer. After our own due diligence we were delighted to have found that a year ago. We have gone out to find the money for Mr Kroenke and Mr Usmanov to make a huge profit and for us to get the club back where it should be challenging at the top.
“If Kroenke were to get to 97 % he can force Arsenal into becoming a completely private company. That would be a major concern for everyone involved in Arsenal. At that point transparency would be a real minimum.”[DOUBLEPOST=1507124255][/DOUBLEPOST][DOUBLEPOST=1507131463][/DOUBLEPOST]Помало зло
Alisher Usmanov says he's not selling to Kroenke: full statement
These board-level manoeuvrings have been watched with interest by a consortium of longstanding Arsenal supporters who found heavyweight financial backing and tried to throw their hat into the ring three times during the past year. They made two inquiries to Kroenke at a valuation of £2bn for the club – £32,000 per share – and made a third attempt at a breakthrough in June via an olive branch idea to buy out Usmanov but that was dependent on a seat on the board and collaboration with Kroenke to create a more unified environment around the club. The Missouri-born entrepreneur turned down all three presentations.
A spokesman for the consortium, which has been in communication with Kroenke and Usmanov for close to a year, expressed concerns about the situation. “We are owned 97% by two very wealthy individuals but it is a disappointment that they have never managed to get together and see eye to eye to move the club forward. The benefit of their wealth and experience could have been felt in unison but Arsenal has not been able to gain from it.”
https://www.theguardian.com/football/2017/oct/03/stan-kroenke-makes-525-offer-usmanov-arsenal-shares
The consortium’s bid to try to make a difference and lift the club remains on the table. “We absolutely retain an interest,” the spokesman said. “We are a group of experienced local business folk who have had a longstanding involvement with Arsenal. We came together three years ago with a vision to dislodge the impasse that exists with the current ownership. We wanted to find an alternative. Our group have spent three years searching for the right backer. After our own due diligence we were delighted to have found that a year ago. We have gone out to find the money for Mr Kroenke and Mr Usmanov to make a huge profit and for us to get the club back where it should be challenging at the top.
“If Kroenke were to get to 97 % he can force Arsenal into becoming a completely private company. That would be a major concern for everyone involved in Arsenal. At that point transparency would be a real minimum.”[DOUBLEPOST=1507124255][/DOUBLEPOST][DOUBLEPOST=1507131463][/DOUBLEPOST]Помало зло
Alisher Usmanov says he's not selling to Kroenke: full statement
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