Published: August 07, 2018
Arsenal supporters have voiced fears about Stan Kroenke’s takeover – but are they right to be concerned?
The first thing to note about Stan Kroenke’s takeover is that it cannot be stopped. The American already owns 67% and has secured an irrevocable commitment from Red and White Holdings, owned by Alisher Usmanov, for the Uzbek billionaire’s 30%.
Under UK takeover rules, anyone owning more than 90% of a company’s shares can force any other shareholders to sell their stock for a fee. Kroenke Sports & Entertainment has said it intends to do precisely that.
Continue reading...from The Guardian https://ift.tt/2vJfDlt
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