Saturday, March 2, 2013

Arab Investors bid £1.5 billion for Arsenal

Arab investors table £1.5billion for Arsenal

The bids are in: £1.5billion bid  is being lined up by a powerful Middle Eastern investment group for Arsenal.

The consortium  which includes wealthy investors from Qatar and the United Arab Emirates — have been working on the deal for the last four months.

They will make their big move to majority shareholder Stan Kroenke in the next few weeks and aim to take Arsenal to the top of world football. The investors will offer Kroenke £20,000 per share for his 66.64 per cent stake in the Gunners.

That would net the American £830million — a profit of around £350m.

If Kroenke accepts, the same offer will be made to the other major shareholder, Alisher Usmanov, who holds 29.11 per cent.

The group want a total takeover of all the shares. They also plan to clear the club’s debts of £250m, put separate funds aside for transfers and stop the sale of star players.


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