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Arsenal news: Alisher Usmanov makes £1billion bid

by 19/05/2017 19:10:00 0 comments 1 Views
  • Alisher Usmanov has launched a £1billion bid to take control of Arsenal
  • Usmanov owns 30 per cent but wanted to buy out Stan Kroenke's shares
  • But American Kroenke is not willing to sell his shares in the Gunners 
  • Uzbekistani Usmanov is critical of the way Kroenke has run Arsenal 

By Charles Sale for the Daily Mail

Published: 18:54 BST, 19 May 2017 | Updated: 00:10 BST, 20 May 2017

Arsenal billionaire shareholder Alisher Usmanov has added to the turmoil surrounding the club by making a £1billion takeover bid.

It's understood Kroenke did not initially reject the offer, which values Arsenal at over £1.6billion. Usmanov currently owns 30 per cent. But Kroenke has indicated over the past week that he will not be selling.

Arsenal, who are in grave danger of not qualifying for the Champions League for the first time in two decades, are a club in flux with a dysfunctional management structure.

Alisher Usmanov has made a £1billion bid to take full control of Premier League side Arsenal
Alisher Usmanov has made a £1billion bid to take full control of Premier League side Arsenal

Alisher Usmanov has made a £1billion bid to take full control of Premier League side Arsenal

Stan Kroenke and Arsenal chairman Sir Chips Keswick at the 2015 FA Cup final
Stan Kroenke and Arsenal chairman Sir Chips Keswick at the 2015 FA Cup final

Stan Kroenke and Arsenal chairman Sir Chips Keswick at the 2015 FA Cup final

Manager Arsene Wenger's future is still unclear, there is an absentee owner in Kroenke, a lame-duck chairman in Sir Chips Keswick and an ineffectual chief executive in Ivan Gazidis.

Usmanov, whose bid would have given Kroenke a profit of over four-times what he paid for his shares, is more critical of the American than Wenger. 

He believes Kroenke has not invested enough in Arsenal and has been happy to keep the status quo of ever-rising profits from Wenger delivering Champions League football for 20 years.

Neither Arsenal nor Usmanov's camp have offered comment.

Usmanov is more critical of Kroenke than Arsenal manager Arsene Wenger
Usmanov is more critical of Kroenke than Arsenal manager Arsene Wenger
Kroenke also owns NFL franchise, Los Angeles Rams
Kroenke also owns NFL franchise, Los Angeles Rams

Usmanov is more critical of Kroenke than Arsenal manager Arsene Wenger

 

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