The Russian billionaire does not yet have a seat on the board despite being the second largest share holder and remains sidelined from any important business strategy. He’s tried on a number of times to wrestle the club away from Kroenke but to no avail and honestly if he did sell you could not blame him. There will come a time when he will feel enough is enough but we just hope this is not that moment because here is what will happen if he raises a white flag and hands it all over.
Kroenke has bid £525m for Usmanov's 30.4% share of Arsenal. At 97.4% he'd force the club into private ownership. Very worrying times.— FK (@fkhanage) October 3, 2017
Repercussions of Kroenke becoming the 97% stakeholder of Arsenal FC :If Kroenke does succeed it would put him in a position to squeeze out the minority 3% shareholders and presents the risk of Arsenal becoming a privately owned business. Kroenke will inevitably turn the club into a private entity if he takes over Usmanov’s significant sizeable piece of the pie. With the other shareholder having minimal and easily get able shares, Kroenke will have a multitude of possibilities to however so he pleases with the club. Once total control is guaranteed he can simply use it to leverage his other business ventures just like the beloved Glazers did with their own club. Also a customary RIP to transparency, financial accounts publication and even the AGM as he would simple not need to answer to any freaking person on this planet. Oh and the entire Arsenal registration could be shifted to the United States to be based under Kroenke’s KSE umbrella in Delaware. So amazing right. Meanwhile a 2016 policy statement on the AST website reads :
“The AST continues to believe that Arsenal is too important to be owned by any one person,” The best ownership model for Arsenal will always include supporters being represented and involved in the ownership structure as shareholders. “We understand the reality that any stake in Arsenal is available to buy at any time should someone make an acceptable bid, but we will oppose any attempt to buy the club outright and take it into single ownership.”