Arsenal moving to foreign ownership

If reports coming out of the wires are true, Arsenal will lose its plurality of ownership and fall into foreign hands, the tenth Premiership club to do so and the fifth to be US owned.

Stan Kroenke is believed to have secured undertakings for the formal sale of Danny Fiszman’s and Lady Bracewell Smith’s shares taking him to 62%, which will trigger a formal takeover bid. Fiszman put his shares in a new nominee account last year to secure a smooth transition.

The jury is out on whether he will snap up all the shares like predecessors the Glazers and Randy Lerner.The Arsenal Supporters Trust says that Kroenke supports fan-share ownership and supported the Arsenal Fanshare Scheme.

It is not known what is the actual price of the share deals – with some observers saying £8500/share whilst others saying £11,000. It is believed Fiszman was willing to sell at £8500/ share, but Bracewell Smith’s price was £15000, after her shares were hawked around by Blackstone. And Usamanov was buying at £11,000/share.

Stan Kroenke, 63, is also the owner of Kroenke Sports Enterprises in the United States which controls the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, NFL team the St Louis Rams, and Major League Soccer club the Colorado Rapids.