Arsenal Supporters' Trust brands Kroenke takeover 'a awful day'

Stan Kroenke

Mr Usmanov will receive £550m for his holding, based on the share price of £29,419.64.

United States-based investment vehicle Kroenke Sports and Entertainment said it received an "irrevocable undertaking" from Usamanov's Red and White Securities to accept the offer for its 18,695 Arsenal shares as soon as possible.

Buying up Usmanov's shares puts him over the 90-percent threshold that allows him to force out smaller remaining shareholders, who own a combined three percent.

"We at KSE are moving forward with this offer leading to 100 per cent ownership of the club", the statement read.

"I honestly don't care about the Arsenal ownership situation", said Durham.

Master Chief to be a lead character on Showtime's Halo show
And at first blush, he believes the ambitious series "will have enormous appeal to Halo fans and also appeal to the Showtime drama fans".


Apart from Arsenal, Kroenke's "family portfolio" of assets also include NFL side Los Angeles Rams, the NBA's Denver Nuggets, the NHL outfit Colorado Avalanche, MLS side Colorado Rapids and Colorado Mammoth of the National Lacrosse League.

The statement on the London Stock Exchange said KSE, a DE corporation owned by Kroenke, holds 41,743 Arsenal shares. Kroenke serves as a director at the club. This is bad news for Arsenal.

New manager Unai Emery, who joined from Paris St Germain, will be given a baptism of fire this weekend when Arsenal kick off their new season against Manchester City.

"The AST is wholly against this takeover which marks a very sad day for Arsenal football club".

He was critical of Kroenke's passive ownership style, a sentiment increasingly echoed by Arsenal fans, unhappy with what they see as the board's willingness to settle for on-field mediocrity so long as commercial stability was maintained.

Acting President Osinbajo sacks DSS Boss Lawal Daura
Bukola Saraki , since his defection from the All Progressives Congress (APC), to the Peoples Democratic Party (PDP). After the blockade, Saraki's supporters greeted him with chanting in the parliament building.


The AST previous year urged Usmanov not to sell his shares, and in a statement, it said the full takeover by Kroenke "marks a awful day", pointing out that single ownership of the club means Arsenal would no longer need to hold an Annual General Meeting.

"Kroenke's actions will neuter their voice and involvement".

The Associated Press reports that Kroenke would be using a £557m loan from Deutsche Bank to fund the "complete buyout of Arsenal". "Arsenal remains too important to be owned by any one person".

Kroncke has had a fraught relationship with Arsenal fans but insists his ambition is to see the club "competing consistently to win the Premier League and the Champions League", a tall order in the short term at least.

Arsenal finished the 2017/18 season in sixth place behind the two Manchester clubs, fierce local rivals Tottenham Hostpur, Liverpool and Chelsea.

Derek McInnes: 'Rangers striker Alfredo Morelos deserved red card'
For Aberdeen coach Derek McInnes , it was only the third time in nine clashes with Rangers he has avoided defeat. Too often his short fuse has cost him and he should know better than to lash out in such a way.


His comments were echoed by the Arsenal Supporters' Trust, an independent group representing fans who fear their influence will be diminished. "KSE is a committed, long-term owner of the club".

Related news:

Hot News

isis-killer-beheading-video-story-top Ian Rush predicts where Liverpool FC are going to finish
Aug 08, 2018 - 04:10
The former England global believes that only Mohamed Salah and Virgil van Dijk would make it into Pep Guardiola's team. Speaking to Goal , Salah was asked who he would like to see Liverpool sign before this week's transfer deadline.

isis-killer-beheading-video-story-top Elon Musk tweets he may take Tesla private
Aug 08, 2018 - 03:55
If Musk can't prove the allegedly secured funding at $420 per share, he may be accused of market manipulation or market fraud. He added that he hoped all shareholders would remain and that all Tesla employees would "remain shareholders of the company".

isis-killer-beheading-video-story-top Ontario to offer incentives to brewers in buck-a-beer plan
Aug 08, 2018 - 03:11
Annual indexing for all packaged beer will be suspended to maintain the $1.00 minimum floor price over time. The Liberals raised the minimum price after being lobbied by major breweries, documents have shown.

isis-killer-beheading-video-story-top Hail at Cheyenne Mountain Zoo in Colorado kills 2 animals
Aug 08, 2018 - 03:09
Reports say that medical personnel set up a triage at the entrance to the zoo due to the amount of people injured from the hail. Some of the largest hail fell on the southern side of Colorado Springs with hailstones measuring almost as large as softballs.

isis-killer-beheading-video-story-top Ebola vaccinations in eastern Congo due to begin on Wednesday
Aug 08, 2018 - 01:39
As of Monday Congo's Health Ministry said there were 43 suspected cases , with 16 confirmed, including four deaths. As of Saturday, the World Health Organization had confirmed 13 of 43 suspected cases, including 33 deaths.

isis-killer-beheading-video-story-top Woman Helps Man Short On Cash, Then Finds Out He’s Keith Urban
Aug 08, 2018 - 01:14
The singer thanked Reed and said his name was Keith, prompting Reed to comment on his resemblance to Keith Urban. After asking his bodyguard to confirm Urban's identity, Reed wrote that she "realized what an idiot I was".

isis-killer-beheading-video-story-top Scores injured in traffic protests in Bangladesh capital
Aug 08, 2018 - 00:57
On Sunday, prominent activist and renowned photographer Shahidul Alam was detained over Facebook posts commenting on the protests. We want guarantee of natural death, " Mohammad Selim, a 10th grader, told dpa while holding placard that said "We want justice".

isis-killer-beheading-video-story-top Oil rises as US renew sanctions against Iran
Aug 08, 2018 - 00:54
Platts reported that an increase in US crude oil supplies is in part behind the drain in inventories. US West Texas Intermediate (WTI) crude futures were up 20 cents, or 0.3 per cent, at $69.21 barrel.

isis-killer-beheading-video-story-top I Want To Win With Everton - Lucas Digne
Aug 08, 2018 - 00:47
However, Liverpool fans poked fun of Everton's latest addition because of his chest tattoo which reads: "I Never Walk Alone". I progressed a lot as a player and as a person by playing with the best players in the world.

isis-killer-beheading-video-story-top No, California didn’t worsen wildfires by dumping water into ocean
Aug 08, 2018 - 00:37
The same can not be said of the Carr Fire, which is raging farther north, in Shasta County; it has claimed seven lives to date. Several fire experts, however, said the comments don't address the main factor in fire severity: human-caused climate change.

isis-killer-beheading-video-story-top Rick Gates Testifies That He Committed Crimes With Paul Manafort
Aug 07, 2018 - 20:21
Manafort, 69, has pleaded not guilty to 18 counts of bank fraud, tax fraud and failing to disclose foreign bank accounts. In a dramatic and riveting moment in court, Gates testified that he had committed crimes with his former associate.

isis-killer-beheading-video-story-top Sick couple sentenced for selling videos of them sexually abusing son
Aug 07, 2018 - 19:42
They charged several thousand euros for each instance of abuse, filmed the acts and posted them on the darknet. The boy was taken out of the family home in March past year , but was sent back weeks later by a local court.

isis-killer-beheading-video-story-top Parkland shooter bought AR-15 for $560 because it was 'cool-looking'
Aug 07, 2018 - 19:40
At first, Cruz said that he did not even remember how he had gotten to Stoneman Douglas to carry out his rampage. The transcript also noted that Cruz also had talked to himself aloud about his own desire to die.

isis-killer-beheading-video-story-top Johnny Depp’s Notorious B.I.G Film Has Release Date Pulled
Aug 07, 2018 - 19:04
The film was set to be released in North America by Global Road Entertainment on September 7 and no new release date has been set. The suit, which also names the film's director and producers, alleges that Depp verbally abused Brooks before punching him twice.

isis-killer-beheading-video-story-top Saudi airline stops flights to Canada amid escalating diplomatic row
Aug 07, 2018 - 18:30
A number of rights campaigners, including award-winning gender rights activist Samar Badawi, have been arrested in the kingdom. Canadian authorities said they are " seriously concerned " about Saudi Arabia's freeze of new trade between the countries.