Arsenal Supporters Trust fears for the future as Stan Kroenke takes full control of the club

Stan Kroenke has now taken total control of Arsenal and many fans are not happy

Arsenal Supporters Trust fears for the future as Stan Kroenke takes full control of the club

  • Stan Kroenke has now taken full control of the Arsenal Football Club
  • He made a deal to buy 30% stake of metal magnate Alisher Usmanov
  • The Arsenal Supporters Trust now fears for the future of the club in the game
  • It is the end of the road for shareholders who represent three percent of the capital

Nigel Phillips for the mail on Sunday

Compulsory purchase! It does not sound good and it certainly is not when you talk about the "squeeze" that is imposed on all the remaining shareholders of Arsenal, since the American billionaire investor Stan Kroenke takes full control of the club.

In one fell swoop you will get rid of all those annoying shareholders who seek financial transparency and accountability by asking questions at the Annual General Meeting of Arsenal.

For me and for several hundred individual shareholders who represent three percent of the club's capital, it is the end of the road.

Stan Kroenke has now taken total control of Arsenal and many fans are not happy

Stan Kroenke has now taken total control of Arsenal and many fans are not happy

I have been proud to be a shareholder for 25 years. Now this custody will be snatched from an investor abroad with little interest in football beyond the riches that can be granted.

Last week I spoke with the 91 year old granddaughter of an original subscriber to the stock issue in 1910. These shares are still in the family, but not for much longer. There are many stories as a long chapter in the history of Arsenal comes to an end.

Shareholders have had opportunities to sell during the last decade, as the battle of control between Russia and the United States has seen increasingly lucrative offers for our actions.

That we did not sell was due to the fact that it was an emotional investment, not a financial one. Everything can be dismissed as sentimental cod and it is clear that Kroenke did not flinch when the 91-year-old man is forced to part with perhaps his last link with his grandfather.

Protests have emerged on the terraces after fans decided to express their opinions about the owner

Protests have emerged on the terraces after fans decided to express their opinions about the owner

Protests have emerged on the terraces after fans decided to express their opinions about the owner

As small shareholders, we have tried to keep the board honest and Kroenke away from the cash of the club. After pressures on AGM and unwanted advertising, it stopped taking a so-called management fee for & # 39; counseling services & # 39; that could never be explained. Now the fear is that the extraction of cash will resume.

The football dozens of leveraged debt financing are the Glazer family at Manchester United. They have taken more than £ 1bn in debt service and fees in the last 13 years.

Kroenke has spent more than £ 1bn on the purchase of shares, partially financed by a loan of £ 557m, but has not invested a dime in the club. And he has made it clear that he has no intention of doing so.

Shareholders are sadder than angry because this change has been an inevitability that we have no power to stop. The rules in the Bundesliga prevent foreign control of the best clubs, but in the Premier League it is free for all.

We will continue to support the club as the next chapter begins, but we do it a little sadder and more fearful with this loss of custody.

There is discontent around Kroenke and his failure to invest money in the club

There is discontent around Kroenke and his failure to invest money in the club

There is discontent around Kroenke and his failure to invest money in the club

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