Arsenal majority shareholder Stan Kroenke on Tuesday announced an offer to buy the entire British football club, valuing it at o1.8 billion ($2.3 billion, 2 billion euros).
The American sports mogul, who already owns 67 percent of Arsenal through his company KSE, has reached a deal with Russian billionaire Alisher Usmanov for the sale of his 30 percent stake, according to a statement to the London Stock Exchange.
“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 in the statement.
“KSE is a committed, long-term owner of the club”.
Kroenke, owner of the Los Angeles Rams American football team, has been a part-owner of Arsenal since 2007, gradually increasing his stake in the club since.
