AS reported by theguardian.co.uk
Arsenal supporters have voiced fears about Stan Kroenke’s takeover – but are they right to be concerned?
The first thing to note about Stan Kroenke’s takeover is that it cannot be stopped. The American already owns 67% and has secured an irrevocable commitment from Red and White Holdings, owned by Alisher Usmanov, for the Uzbek billionaire’s 30%.
Under UK takeover rules, anyone owning more than 90% of a company’s shares can force any other shareholders to sell their stock for a fee. Kroenke Sports & Entertainment has said it intends to do precisely that.