Report: Former Arsenal shareholders waiting on £50 million

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In August, Stan Kroenke agreed a £600 million deal with Alisher Usmanov to relieve him of his significant shareholding in Arsenal. The move took the American beyond the 90 per cent ownership threshold and obliged him to buy the rest.

On 25 September, whether those with small shareholdings accepted the original offer or not, Kroenke completed the compulsory acquisition and became the sole owner of Arsenal.

Private Eye now claim that some of the small shareholders – those who chose not to accept Kroenke’s offer as a means of slowing the inevitable handover – have still not received the cash owed to them. It’s not an insignificant sum either, approximately £50 million in total.

From what we can tell, the hold up isn’t being caused by Kroenke – he appears to have paid what is owed to Link Asset Services, the share registrar. It’s the middlemen causing the headache, seemingly as a result of confusion as to what happens with the actual share certificates.

Here’s the story…

Given the shares are worth £29,420 a pop, you can understand the frustration on the part of the Arsenal fans eager to receive what’s owed to them. Here’s hoping there’s a quick resolution.

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GUS
GUS
1 year ago

if only we had kept Gnabry AND Scezeney , that would be an 100mil on the books .
I always thought Gazidis was not the sort to run the club, first chance and he runs off

Goonereality
Goonereality
1 year ago
Reply to  GUS

Much of the Wenger/Gazidis era was a slow motion car crash for the club on and off the pitch. It will take several years to re-build and Emery and the new backroom team need to be given a fair chance. An additional problem is the drastic cost-cutting that is underway since Kroenke gained full. The urgent need to cut the overblown wages bill is a major element so hopefully, talented youngsters won’t end up being farmed out, forgotten, then sold for peanuts. We’ll see.

Bould's Eyeliner
Bould's Eyeliner
1 year ago
Reply to  Goonereality

hind sight is 20/20… there was no squabbling over the ‘steering’ wheel that makes their entire tenures describable as a car crash. There were ups and downs, good times, and bad times. A roller coaster that somehow got smoothly taken over. If you’re still unhappy as an Arsenal fan, that’s somehow actually, completely, true.

Cheer up. It’s just Monday.

baz00r
baz00r
1 year ago
Reply to  GUS

What’s that got to do with the article?

Niall Shannon
Niall Shannon
1 year ago

Here I thought Kroenke was getting up to no good but in fact, it’s the middle-man causing the issue :/

Still not a fan of Stan even if he isn’t the one at fault in this situation.

Dr Zebra
Dr Zebra
1 year ago
Reply to  Niall Shannon

I still feel it’s Stan’s fault for buying all of the shares!

High gooner
High gooner
1 year ago
Reply to  Niall Shannon

I STILL SAY F***CK KROENKE

Hantal
Hantal
1 year ago

Sucks for the majority, but if it’s keeping money out of piers Morgan’s pocket that’s a slight silver lining

Lettra
Lettra
1 year ago
Reply to  Hantal

Well when you put it like that .
I’d like to make a toast for bureaucracy (I’m also pretending that Piers is in dire need of the money).

Pete
Pete
1 year ago

Link were formerly owned by “Crapita” so no surprise there…

Bergkamp 3:16
Bergkamp 3:16
1 year ago

Off topic.

For the love of God wake me up when March ends! I cannot take a minute more of this interlull. ????

And_Unai_Said..
And_Unai_Said..
1 year ago
Reply to  Bergkamp 3:16

Just remember, when April comes it really is April. Nobody’s playing an April fools prank on you.

Bould's Eyeliner
Bould's Eyeliner
1 year ago

only fool’s watch out for April Fool’s. The rest of us just enjoy getting fooled.

DB10s Air Miles
DB10s Air Miles
1 year ago

But until it’s April it’s still March.

ThaatArsenalGuy
ThaatArsenalGuy
1 year ago

After February, its March

Rich
Rich
1 year ago

Would anyone be surprised, if it came to light that KSE owned Link Asset Services?
Kroenke is the worst, since he took a controlling majority in 2011, he’s sucked the soul right out of the club, he’s got absolutely zero ambition.

Mesut O'Neill
Mesut O'Neill
1 year ago
Reply to  Rich

Oh no, he has plenty of ambition.

Unfortunately for Arsenal it’s to make money.

GunnAlex
GunnAlex
1 year ago

Not being funny, but if I couldn’t collect £30K because I was holding onto a sentimental share certificate. I’d simply photocopy it.

But then, maybe these people are (bless em) able to have £30ks worth of sentiment.

baz00r
baz00r
1 year ago
Reply to  GunnAlex

I think perhaps the original certificate quite some time from now might be quite valuable as memorabilia or something.

Lord Bendnter
Lord Bendnter
1 year ago

Is it over yet? The Interlull