Kroenke bids for full control of Arsenal, Latest Football News

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The move would make Kroenke the controlling stakeholder at the club, and as a result existing shareholders would be legally obliged to sell their shares to the American billionnaire.

In a statement published on the London Stock Exchange yesterday morning, Kroenke said: 'We at KSE are moving forward with this offer leading to 100 per cent ownership of the club.

Wright also said the situation puts more pressure on new head coach Unai Emery to deliver success on the pitch, as the club isn't doing enough on the transfer market to strengthen the team.

"I have chose to sell my shares in Arsenal Football Club which could be the best football club in the world", he said.

'I have made a decision to sell my shares in Arsenal Football Club which could be the best football club in the world, ' he said.

And in a statement released to ESPN FC, Red and White Securities confirmed their acceptance of the deal on offer from KSE.

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However, she will remain as a producer for the upcoming Black Cat and Silver Sable solo films. They are extending that relationship with Spider-Man sequel, Spider-Man: Far From Home .


So, who is Kroenke and how long has he been involved with Arsenal?

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It was revealed on Tuesday that the American billionaire had tabled an offer acquire Alisher Usmanov's 30 per cent stake in a bid to become sole owner of the north London outfit.

Kroenke dismissed concerns of fans who last saw the team win the Premier League in 2004 and finish sixth last season to miss out on the Champions League.

That move, which Kroenke says he'll fund mostly with loans, would value the club at 1.8 billion pounds ($2.3 billion) and would lead to the compulsory purchase of the remaining shares, some of which are owned by Arsenal fans.

"We appreciate Mr Usmanov's dedication to the Arsenal Football Club and the storied ethos and history the club represents", he said.

The motion, proposed by Brian Sedgemore MP, read: 'This House believes that Arsenal is the best club football team in the world at the moment and admires them for the fluency and poetry that they have brought to the handsome game'.

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The Arsenal Supporters' Trust said the news marked "a awful day for Arsenal Football Club".

"I'm disappointed it's come to this, it was a strong way to connect to the club when you owned a piece of it", he said.

Kroenke, owner of the Los Angeles Rams in the National Football League, has been a part-owner of Arsenal since 2007, gradually increasing his stake in the club.

However, Usmanov has never had a seat on the Arsenal board and has always been seen as an outsider looking to work his way into a position of power.

"The AST is wholly against this takeover".

Within two hours of the announcement '#KroenkeOut' was trending on Twitter in Britain.

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"It's a real shame that this sale will bring to an end the long-standing official role of Arsenal supporters in the running of the club", said Arsenal fan Corbyn.

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