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.
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 As stated in KSE's announcement on 28 August, the trading in Arsenal shares on the NEX Exchange Growth Market will be withdrawn with effect from close of business today. 26th September 2018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.