If Usmanov does sell, Kroenke would have total control over the club, and he can force the remaining small shareholders to sell to him and de-list the shares.
That would obviously be a very worrying development for Arsenal supporters who have seen the way KSE owned sports ‘franchises’ are operated in the USA, how they fail to achieve any real success and continue down a road of relentless mediocrity.
“The real concern is that he would take the club private,” said a spokesman, “in what’s called a squeeze out, by making a compulsory purchase of all shares.
“That would mean Arsenal would become a private company, with no AGM, no detailed accounts like we have now, all of which would reduce accountability.
“He would also have the option to register Arsenal in the United States, possibly Delaware where other KSE holdings are held.”