US billionaire on path to full control of Arsenal with $1 billion shares purchase ROB HARRISJAE HONG/ AP US sports magnate Stan Kroenke is adding Arsenal to his collection of teams that includes the LA Rams NFL side and the Colorado Rapids in the MLS. KSE said the holders of the remaining 3 per cent of Arsenal will be entitled to receive £29,419.64 (NZ$56,523.86) for each share. "Kroenke plans to forcibly purchase the shares held by Arsenal fans. Kroenke, who - like Usmanov - first started amassing shares in Arsenal in 2007, succeeded in gaining full control in 2011. "I have decided to sell my shares in Arsenal Football Club which could be the best football club in the world,'' Usmanov said.

Source: Stuff August 07, 2018 22:07 UTC