KSE complete compulsory purchase of Arsenal shares, de-list from stock exchange

38

According to a news release on the NEX Exchange, KSE have completed the compulsory purchase of the remaining Arsenal shares, giving them a 100% shareholding in the club.

Stan Kroenke’s investment vehicle last month purchased Alisher Usmanov’s stake in the club for £550m, and under company law could then force the sale of all other shares, including those of long-term fans who had no desire or intention to sell.

The statement reads:

ARSENAL HOLDINGS PLC 
 
  COMPLETION OF COMPULSORY ACQUISITION AND WITHDRAWAL OF TRADING FROM THE NEX 
                            EXCHANGE GROWTH MARKET 
 
Further to the announcement made by KSE, UK, Inc. on 28 August 2018 confirming 
the closing of its offer for Arsenal Holdings PLC, the compulsory acquisition 
by KSE of all of the Arsenal shares not assented to the offer completed on 25 
September 2018. 
 
As stated in KSE's announcement on 28 August, the trading in Arsenal shares on 
the NEX Exchange Growth Market will be withdrawn with effect from close of 
business today. 
 
26th September 2018

We now wait and now what kind of an Arsenal world we’ll live in now that Kroenke has full control, and whether we’ll hear anything from them about their ambitions from the club above and beyond what was in the offer document.

Changes have taken place at boardroom level with the upcoming departure of Ivan Gazidis and the appointments of Raul Sanllehi and Vinai Venkatesham as Head of Football and Managing Director respectively.

More boardroom shuffles are expected with Josh Kroenke, already a board member, expected to take a more hands on role, and some new arrivals and further departures would be no surprise.

guest
38 Comments
oldest
newest most voted
Inline Feedbacks
View all comments
Glocken
Glocken
1 year ago

RIP Arsenal. No longer the club I once knew or loved.

Lack of Perspective
Lack of Perspective
1 year ago
Reply to  Glocken

Honestly…no one would care less as long as they play better.

Goontang
Goontang
1 year ago
Reply to  Glocken

Welcome to modern day sports. It’s very sad to see that some of the core history of what made this club great is gone, but at the end of the day it’s still the badge on the shirt that we all love and pay to see. Not the cunts that own the badge.

A Different George
A Different George
1 year ago

It is likely that this will close almost every source of information about what is done at the company level. I’m not sure that public knowledge of what was being done made any difference, but insofar as it did, that will end.

Pedant
Pedant
1 year ago

I don’t think we ever heard that much, Gazidis wasn’t exactly forthcoming.

A Different George
A Different George
1 year ago
Reply to  Pedant

I meant required access to financial information while the company was listed; agreed that it probably made little difference.

GunnAlex
GunnAlex
1 year ago

What was the initial and final price per share?
Just curious.

Matt Coplestone
Matt Coplestone
1 year ago

When the board sold to Kroenke, is this really the future of Arsenal they had in mind ? I recall them saying they would not just sell to anybody. Arsenal’s future had to be placed in the right hands. Were they lied to ? Or did they just take the money and run, looks like the second option.

Pedant
Pedant
1 year ago

if I thought the Kroenkes had an aim to win the PL and CL I wouldn’t care less.

But have seen no signs of that so far, so hard to believe that they do (though if they want to get to the next level as a club that’s exactly what they need to do).

Jeremy Corbyn
Jeremy Corbyn
1 year ago

sic transit gloria mundi

Patrik Ljungberg
Patrik Ljungberg
1 year ago
Reply to  Jeremy Corbyn

Always love some latin…

What about ”veni vidi vici”? Sorry, cannot stand these Kroenke bastards either. May they rot… whatever that is in latin.

BW9
BW9
1 year ago

The club is purely a profit center for these guys. Maybe a fun project for Josh who I would guess is in over his head but they either don’t realize or don’t care that this club means everything to so many.

Irrational Gunner
1 year ago
Reply to  BW9

I see more risk involved with this owner. This isn’t just like owning another American sports team. If they screw this up enough their are dire consequences, and we don’t even have to name names of other clubs who have faded away to lower divisions. Maybe I am over-doing the risk, but one of the reasons I glommed on to the Arsenal twenty years ago was to get away from the American model where results don’t seem to matter. Like Pendant, I would like to see a whole lot more ambition from these guys both on the commercial side and… Read more »

Irrational Gunner
1 year ago

Sorry, should be Pedant.

PeteyB
PeteyB
1 year ago

No need to be pendantic.

PeteyB
PeteyB
1 year ago

I do think there is some truth in this. The way that the American sports franchises are set up its almost impossible to lose as an owner. The leagues are closed parties – no promotion or relegation, just the same teams going again every year, and people will watch, and the money will come.
If they fuck up badly at Arsenal, fall out of Europe, or even away from the top 4 for too long and revenues will suffer. Even if local fans stay loyal the global markets which are so important will not.

Gandalf
Gandalf
1 year ago

I await Nina Bracewell Smith’s opinion on the matter.

Martin
Martin
1 year ago
Reply to  Gandalf

We know what she thinks. She has already admitted she regrets her decision to sell her shares to Kroenke

Red Arrow
Red Arrow
1 year ago

Whilst it’s always nice to know the financial status of it club the main issue is whether or not the investment will be made by KSE to get Arsenal competing for the EPL and CL.
Unfurtunately I see Kroenke being a simple business man and not a passionate supporter – so I can see him thinking along the lines of why do we have so many thousand people on the waiting list ? Why not just increase prices until demand meets supply. I hope I’m wrong.

WengerWhere
WengerWhere
1 year ago

Silent Stan can be completely silent now

Rob67
Rob67
1 year ago
Reply to  WengerWhere

Just so.

Evang. Simon
Evang. Simon
1 year ago

Now the New Dawn Era have being ushered in fully….

Let us all be optimistic…..

How many fans truly cares about the financial situation of the club….

We all want the joy of winning a tangible trophy so if this era will deliver loads of trophies then why not…. Legs crossed….

I dont have any reason to be negative since the future can’t be predicted

OdalGooner
OdalGooner
1 year ago
Reply to  Evang. Simon

For what it’s worth, I was actually proud to support a club that wasn’t just some plaything of a “foreign billionaire”. Call me old fashioned, but I took pride in our results because we were up against silly money at other clubs. Now we’re in the same boat, except our new owner does not seem to throw around money like some of the others do. So we’ve got the worst of both worlds. But no, as long as we’re entertained and compete for something, I’ll be somewhat appeased, but I used to love a “club”. I cannot love a “company”… Read more »

Hantal
Hantal
1 year ago

This is the inevitable direction football is going, it doesn’t really change anything

Steve
Steve
1 year ago

What a sad day for our club

Bren
Bren
1 year ago

Sad day. Fingers crossed that we are all wrong and today is a bright new dawn for The Arsenal.

Rob
Rob
1 year ago

Well there aren’t any playoffs here kse. You don’t win anything and no shot at trophy if you’re in 10th place like there is in america.

Yankee Gooner
Yankee Gooner
1 year ago
Reply to  Rob

Exactly! That’s why I always stop watching the World Cup after the group stage; who needs some soft “knockout stage” to see who’s better on a given day?!?

Ben Mc
Ben Mc
1 year ago

Trying to find a Hollywood venue for Brentford game today, any suggestions would be most appreciated?

Jason daniels
Jason daniels
1 year ago

This guy has proven that he is all about money. He had the luxury of a genius like wenger making lots of money by identifying cheap takent and selling them at massive profit. I will never buy another arsenal ticket tshirt or anything to make these greedy people more rich

DanS
DanS
1 year ago
Reply to  Jason daniels

I’ve been boycotting afc since 2015, no chance I’ll go back now, not until Kroenke is gone (dead or alive), anyone who does is a fool, try looking at his crap us sports ‘franchise’s for a vision of the nightmare future.
RIP AFC

santori
santori
1 year ago
Reply to  DanS

Seems silly.

Its always been about money.

PersonFace
PersonFace
1 year ago

I can’t put into words how disappointed I will be if Arsenal remain under Kroenke ownership for the rest of my life. How are Flamini’s finances looking these days? If we’re going to be owned by a billionaire, might as well be someone who loves the club. At least he’ll put money into it, and he’ll make sure his best bud Mesut is feeling all lovely and assisty again.

santori
santori
1 year ago

Its not like Usmanov with his minority stake was any better though. At very least now, there is complete clarity which direction the club will take. What worries me more is Gazidis leaving and who replaces him. Like it or not, Gazidis was the only (very limited) check and balance left. Who is recruited in to drive the club’s footballing direction forward is key. On the positive side, Kroenke sanctioned the right choice of manager with Emery. I’m less sure about the recruitment team with Mslintat but perhaps it was the next best thing to replacing the acumen Wenger had… Read more »

420Goonerblayzeit
420Goonerblayzeit
1 year ago

To be perfectly honest as an American fan of only 12 years, I’m fully aware of my tenuous connection to the club, and there is certainly insecurity there (which says more about me than anything). All the jabs at Kroenke and the American invasion of investors feels like it’s pointed at us US fans as well, which even if purely my perception, speaks to a feeling I’ve had since the beginning that I’ve been horning in in a cultural sense. A form of cultural appropriation without the racial baggage if you will. There’s the feeling that us American’s collective interest… Read more »

Vonnie
Vonnie
1 year ago

Arsenal fans are not just local, but all over the world, and no true Arsenal fan is an interloper wherever they come from. Is a fan who gets up at all hours of the night to watch the Arsenal any less of a fan than someone who lives down the road and can’t be arsed to get themselves to a Europa League game? I don’t think so. You’re not responsible for the fact that Kronke bought the Arsenal any more than I am. I’m really hoping that he realises that he is a custodian of something very special and acts… Read more »

Kartik Iyer
Kartik Iyer
1 year ago

Well I’m from India and have been supporting the club since the 2010-11 season, so not very long ago and I feel similarly sometimes that would we be considered equal to the people who have been supporting the club since they were little kids and who are locals to the place? But then I figured that it’s not a competition to see who is a better fan, we are not competing against each other, our interests are aligned. If you feel down when the club loses even the stupidest of dead rubber games and if you feel it’s a good… Read more »

Carlos _ Santana
Carlos _ Santana
1 year ago

Let’s hope Josh had some ambition for the club and keeps us in the right direction. I’m gonna back him for now..