Arsenal FC: majority owner Stan Kroenke (USA) initiates 100% takeover, valuing the club at £1.8bn

"KSE UK, Inc. (the British subsidiary of Kroenke Sports & Entertainment) is pleased to announce the terms of its all-cash offer to acquire the entire issued and to be issued ordinary share capital of Arsenal Holdings PLC, other than the Arsenal shares already held by KSE," announced Arsenal FC (Premier League) on 07/08/2018. KSE, the holding company of the American Stan Kroenke which currently holds 67.09% of the shares of the north London club, has received "an irrevocable undertaking" to acquire the 30.05% of the shares held by Red and White Securities, the holding company of the Russian Alisher Usmanov.

The exact amount of the transaction between the two parties was not stated (though the loan amount to KSE is £557m, or about €620m, see below). Alisher Usmanov should receive around £550m (€612m, on 07/08/2018) according to British media. The press release stated that the takeover values Arsenal FC at £1.8bn (€2bn). The transaction is subject to obligatory conditions and regulatory approval.

After KSE consolidates control 97.14% of the shares of Arsenal Holdings PLC with this…