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Stan Kroenke makes offer to buy all of English Premier League clubs

The American billionaire, who already owns 67 percent of the club, said in a statement to the London stock exchange that he thought the club would benefit from being taken private. 


Reuters 07 Aug 2018, 06:17 AM United States
  • The American billionaire, who already owns 67 percent of the club, said in a statement to the London stock exchange that he thought the club would benefit from being taken private.  (Image Credit: Twitter)

Stan Kroenke, the majority owner of Arsenal, has made an offer to buy all of the English Premier League clubs in a deal that values it at around 1.8 billion pounds ($2.33 billion) after he secured the backing of minority owner Alisher Usmanov.

The American billionaire, who already owns 67 percent of the club, said in a statement to the London stock exchange that he thought the club would benefit from being taken private. 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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