Alisher Usmanov makes bid for full control of Arsenal
- Author: Julie Sanders May 25, 2017,
May 25, 2017, 19:22
KSE made a brief but asserting statement soon after the news broke and it will leave the fans wondering if things will ever change in the near future.
KSE UK, Kroenke's holding company, owns 67 per cent of the north London club, compared to Usmanov's 30 per cent, but have no intentions to sell.
Arsenal must be willing to invest greater funds into the playing squad to avoid falling behind their Premier League rivals, says David Seaman.
Counter claims from the BBC, however, have suggested that Kroenke, who has become a target for Arsenal's fanbase who are fed up at his running of the club, will resist any bid from Usmanov to take up the reins as he eyes domestic and European dominance for Arsene Wenger's side.
Following on from the statement, investors such as Usmanov will now be considering whether it is worth sticking around at Arsenal, and risk a big decline in the club's standing, much like Kroenke has seen with some of his other sports teams.
It is understood a formal bid was made for Kroenke's shares but it is believed the American is expected to reject the offer.
"I respect Stan Kroenke a lot".
The financial impact on Arsenal after missing out on the top-four was underlined on Monday after the club confirmed a reduction of around 10 per cent in the price of season ticket renewals for gold members for next season due to the lack of Champions League football.
However, he blamed the uncertainty over his future for contributing to the club failing to qualify for the Champions League.
With the Gunners preparing for Europa League action next season, the only thing which could save Kroenke and Co. from more unrest over the summer is if Arsenal beat Chelsea in the FA Cup final on Saturday.
Time will tell if Arsenal end the season trophy-less and what that in turn means for Wenger and Kroenke's plans moving forward, but for now it's not a happy time at the Emirates as they look back on a really disappointing Premier League campaign.