US billionaire Stan Kroenke is set to take full control of Arsenal in a £1.8 billion deal — but fans aren't happy

REUTERS/Darren Staples

• Stan Kroenke, who owns 67% of Arsenal FC, has made an offer to buy the remainder of the club.
• The deal values Arsenal, one of Britain's top soccer clubs, at £1.8 billion ($2.33 billion).
• Arsenal's second-biggest shareholder, Russian billionaire Alisher Usmanov, has reportedly agreed to the deal, meaning the takeover should go through easily.
• The Arsenal Supports Trust are concerned that taking the club private will "neuter [fans'] voice and involvement."

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LONDON — Arsenal shareholder Stan Kroenke is set to take full control of the North London football club as part of a deal valuing the team at £1.8 billion.

Kroenke currently owns just over 67% of Arsenal FC and on Tuesday KSE, his Delaware-based holding company, announced an all-cash offer to buy all the shares in the club it doesn't already own. The company is offering £29,419.64 ($38,116.50) in cash for each share, valuing the entire club at £1.8 billion.

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