Arsenal supporters who own shares in the club are being told not to sell to Stan Kroenke, the American billionaire who this week agreed to 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," said the AST 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."
Kroenke, who already owned close to 30 per cent of the London club, said on Monday he had offered shareholders £11,750 (Dh70,500) per share and had already secured the backing of 17 per cent shareholder Danny Fiszman and 16 per cent shareholder Nina Bracewell-Smith.
He now controls 63 per cent of Arsenal and under Takeover Panel rules is compelled to make an offer for the remaining shares. Alisher Usmanov, the Russian steel magnate, is the other major shareholder, holding a 27 per cent stake. He 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 in Arsenal shares," said the AST.
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 US$2.9 billion (Dh10.6bn) in 2010 according to Forbes, already owns several US sports teams including the NBA's Denver Nuggets, the NHL's Colorado Avalanche, the NFL's St Louis Rams and the Colorado Rapids of the MLS.
On Monday he spoke of his aim to "bring new success" to Arsenal.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
How to protect yourself when air quality drops
Install an air filter in your home.
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COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
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MATCH INFO
Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.
Man of the match Harry Maguire (Manchester United)
THE DEALS
Hamilton $60m x 2 = $120m
Vettel $45m x 2 = $90m
Ricciardo $35m x 2 = $70m
Verstappen $55m x 3 = $165m
Leclerc $20m x 2 = $40m
TOTAL $485m
Brief scores:
Toss: Nepal, chose to field
UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23
Nepal 132-7: Jora 53 not out; Zahoor 2-17
Result: UAE won by 21 runs
Series: UAE lead 1-0
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Meghan%20podcast
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The specs
Engine: 1.5-litre 4-cyl turbo
Power: 194hp at 5,600rpm
Torque: 275Nm from 2,000-4,000rpm
Transmission: 6-speed auto
Price: from Dh155,000
On sale: now
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