Published: Mon, May 22, 2017
Sport | By Charlene Craig

Arsenal owner Kroenke says his shares in club not for sale

Arsenal owner Kroenke says his shares in club not for sale

Arsenal's second-largest investor, Alisher Usmanov, made a $1.3 billion offer to buy out the soccer club's majority owner Stan Kroenke, a source familiar with the matter told Reuters, confirming earlier reports.

Standard Sport understands there are members of Arsenal's board who are sympathetic to Usmanov's overtures, not least due to the growing fan unrest towards Kroenke and his stewardship of the club.

Usmanov, who is excluded from the board, has claimed a lack of investment from Kroenke has hurt on-field results and he would love for the supporters to consider him as the potential answer.

American business entrepreneur Kroenke has been involved with Arsenal for the past decade, with the 69-year-old taking his stake in the club from 12% to 67% during that time.

"They may be out of the Champions League - something they are not used to - and they have to beat one of the best Chelsea sides I have seen for a long time in the FA Cup final to try and get something from the season".

Yet Kroenke, who owns 67%, after gradually building up his holding since 2007, is unwilling to contemplate the deal. "I don't see what he has to do with that". Kroenke took over as the majority shareholder for Arsenal in 2011.

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I have to give some minutes to everyone because we have only 15 players, we don't have more, so I have to play them. But if I was on your side, in your chair, it makes (sense).

"Overall I believe that we played since January in a very hard environment for different reasons", Wenger said.

Fan protests have mounted against manager Arsene Wenger with calls for him to leave after nearly 21 years in charge. But they should not question it, I am professional, as long as I am somewhere I do my job until the last day.

Usmanov has also called for an overhaul of Arsenal's commercial operations.

The fifth-placed Gunners face missing out on Champions League football next term.

The Frenchman, who is out of contract at the end of the campaign, is preparing for the final Premier League game of the season against Everton with a faint hope of finishing in the top-four for the 21st consecutive season.

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