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U.S. Investor Bids £500M For Arsenal Stake
U.S. investor, Stan Kroenke, has placed a bid worth £500 million to buy the 70% stake that he does not already own of Premier League club, Arsenal.
U.S. investor,Stan Kroenke, has placed a bid worth £500 million to buy the 70% stake that he does not already own of Premier League club,Arsenal, The Guardianreports. Kroenke’s bid to take full control of Arsenal values the club at £731 million. Kroenke is not using the club’s assets as security to raise money for the acquisition.
Russian billionaire,Alisher Usmanov俱乐部27%的股份,出价worth £1,250 a share more than Kroenke’s toNina Bracewell-Smithfor her shares, which she rejected. Kroenke’s offer was accepted by the 16.1% club shareholder,Danny Fiszman, and the 15.9% shareholder, Bracewell-Smith. Kroenke will get access to Arsenal’s unrestricted cash reserve.
Click here for the story fromThe Guardian.
Click here for additional coverage fromThe Independent.