Arsenal legend Wright slams 'disastrous' Kroenke sole ownership move

Arsenal legend Wright slams 'disastrous' Kroenke sole ownership move

Arsenal majority shareholder Stan Kroenke on Tuesday announced an offer to take full ownership of the Premier League club in a deal worth £1.8 billion ($2.3 billion).

In 2015, Corbyn named Ian Wright, Dennis Bergkamp and Jens Lehmann as his all-time favourite Arsenal players.

However, Usmanov has never had a seat on the Arsenal board and has always been seen as an outsider looking to work his way into a position of power.

That stance, and Kroenke's intention to take the club off the stock exchange and reconstitute it as a private company wholly owned by him, was criticised by the Arsenal Supporters' Trust (AST), which described the announcement as "a terrible day for Arsenal".

It's fair to say, Arsenal Fan TV isn't everyone's cup of tea but judging by the millions of views it receives across social media, the channel is compulsive viewing for many.

Usmanov confirmed in a statement released to Britain's Press Association that he had accepted the offer but did not give a reason as to why he has now opted to cash in.

Dangote has never hidden his desire to own the Premier League club which he supports.

"KSE believes moving to private ownership will bring the benefits of a single owner better able to move quickly in furtherance of the club's strategy and ambitions", it said.

Under Stock Exchange rules, Kroenke will have to make an offer for the remaining minority shares in Arsenal, most of which are small numbers held largely by supporters of the club.

Kroenke is unpopular with some fans
Kroenke is unpopular with some fans

"The sale of any football club - particularly one of the size and stature of Arsenal Football Club, must take fans into consideration", said Allin-Khan.

The Arsenal Supporters' Trust voiced several concerns over the potential takeover in a strongly-worded statement of their own.

Kroenke has steadily increased his stake in Arsenal since first buying shares in 2007.

"The financial viability of the deal must also be carefully examined, especially if the club will be purchased via a loan".

"Many of these fans are AST members and hold their share not for value but as custodians who care about the future of the club".

"The Arsenal Supporters' Trust is wholly against this takeover", one fans' group said.

The Emirates Stadium falls under Corbyn's Islington North constituency, and during his time in parliament he also signed a motion to acknowledge Arsenal as the "best club football team in the world at the moment" after their "Invincibles" season in 2003-04.

After 19 consecutive years of Champions League football, the Gunners finished outside the top four for the second year in a row last year, resulting in the departure of Arsene Wenger.

More news: Kohli calls on fans to support all team members