Arsenal's majority shareholder Stan Kroenke insists his shares in the club 'are not and have never been for sale'

Kroenke says he remains committed to the club and will not sell his controlling stake

Monday 22 May 2017 11:00
Kroenke is the largest shareholder of Arsenal
Kroenke is the largest shareholder of Arsenal

Arsenal majority shareholder Stan Kroenke has insisted he remains committed to the club and his company's shares are "not, and never have been, for sale".

KSE UK, which is the holding company for the American's interest in the Gunners, issued a statement to the London Stock Exchange on Monday morning.

The statement followed "recent media speculation" concerning their commitment to the Premier League club, who this season missed out on the top four of the Premier League for the first time in 20 years.

Russian businessman Alisher Usmanov, who currently owns 30 per cent of the club, tabled a formal £1billion bid to buy Arsenal, but Kroenke has no intention of relinquishing any of his 67 per cent holding.

A statement to the London Stock Exchange read: "KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms that its shares are not, and never have been, for sale.

“KSE is a committed, long term investor in Arsenal and will remain so.”

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in