Development News Edition
Give Feedback

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 Last Updated at 07 Aug 2018, 12:08 IST United States
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.  (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.)


add banner

LEAVE COMMENT

Download our Android App on Google Play