English Premiership

Arsenal fans urged not to sell

2011-04-12 18:07
Stan Kroenke (File)

London - Arsenal supporters who own shares in the club are being told not to sell to American billionaire Stan Kroenke, who this week agreed a takeover deal.

"The AST (Arsenal Supporters Trust) and Arsenal Fanshare scheme will not be selling the shares it owns and urges all supporters to reject this offer," the AST said in a statement.

"Arsenal is too important to be owned by any one person. The AST wants to work with Stan Kroenke to keep Arsenal supporters involved in the club's ownership structure."

Billionaire Kroenke, who already owns close to 30 percent of the London club, said on Monday he had offered shareholders 11 750 pounds ($19 110) per share and had already secured the backing of 17 percent shareholder Danny Fiszman and 16 percent shareholder Nina Bracewell-Smith.

The American now controls 63 percent of Arsenal and under Takeover Panel rules is compelled to make an offer for the remaining shares.

Russian steel magnate Alisher Usmanov is the other major shareholder, holding a 27 percent stake through his Red and White vehicle which has so far declined to comment on what his plans are.

"In just six months the Arsenal Fanshare scheme has gained 1 800 members who have invested 500 000 pounds in Arsenal shares," said the AST.

"This scheme has been widely praised across the football community and is supported by the government who are currently reviewing football's governance structures."

More than 100 members who attended an AST meeting in London on Monday voted unanimously for the trust to continue its campaign for supporters to remain in the club's ownership structure, the statement added.

The 63-year-old Kroenke, worth $2.9 billion in 2010 according to Forbes, already owns several U.S. sports teams including the NBA's Denver Nuggets, the NHL's Colorado Avalanche, NFL team the St Louis Rams and Major League Soccer team the Colorado Rapids.

Read more on:    stan kroenke
NEXT ON SPORT24X

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

Fixtures
07 February 2015
Tottenham Hotspur v Arsenal, White Hart Lane 14:45
Manchester City v Hull City, Etihad Stadium 17:00
Leicester City v Crystal Palace, King Power Stadium 17:00
Swansea City v Sunderland, Liberty Stadium 17:00
Queens Park Rangers v Southampton, Loftus Road Stadium 17:00
Aston Villa v Chelsea, Villa Park 17:00
Everton v Liverpool, Goodison Park 19:30
08 February 2015
Burnley v West Bromwich Albion, Turf Moor 14:00
Newcastle United v Stoke City, St. James' Park 16:05
West Ham United v Manchester United, Boleyn Ground 18:15
10 February 2015
Arsenal v Leicester City, Emirates Stadium 21:45
Sunderland v Queens Park Rangers, Stadium of Light 21:45
Hull City v Aston Villa, The KC Stadium 21:45
Liverpool v Tottenham Hotspur, Anfield 22:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Would Lionel Messi be as potent in the EPL as he is in La Liga?

 
 
/Sport
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 SuperBru S15 challenge

Enter and challenge Sport24's staff!

Featured

Got something you'd like to get off your chest? Got a burning desire to air an opinion? If so, be sure to sign-up on Sport24's FORUM!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

 
There are new stories on the homepage. Click here to see them.