Kroenke: My Arsenal shares not for sale
- Author: Julie Sanders May 25, 2017,
May 25, 2017, 19:03
Uzbek-born Russian billionaire Usmanov, who is not part of the board or decision-making at the club, said in April that Kroenke must "bear huge responsibility" for the club's failures on the pitch, reports Xinhua news agency.
The American, 69, has a 67 per cent stake allowing him near total control at the Emirates. Chants for the majority shareholder to "get out of our club" resonated around the ground during Arsenal's 3-1 win over Everton on Sunday, which proved enough for only fifth place.
However, Kroenke doesn't seem deterred by these criticisms has he reiterated that his ambition is to make the competitive in all competition and clinch the Premier League.
"KSE is a committed, long-term investor in Arsenal and will remain so".
The 67-year-old's contract at Arsenal is due to expire at the end of the season, with an announcement over his future expected after the FA Cup final against Chelsea next week.
When Kroenke originally took a controlling stake in the club in 2011 it was valued at £731m, and Usmanov's offer valued it at £1.54bn but despite the increase, Kroenke wants to stay, which will mean overseeing the succession to Arsene Wenger in the next few years. "He is not at fault if we did not reach the Champions League", Wenger said. Arsenal have some selection concerns the FA Cup final, with the defender Laurent Koscielny banned following his red card on Sunday, while Gabriel had to be carried off on a stretcher after sustaining a knee injury.
The manager's future is likely to be top of the agenda.