Arsenal trust to hold shares

Published Add your comment

The Arsenal Supporters Trust will not be selling their shares to prospective new owner Stan Kroenke after voting "unanimously" to retain a stake in the club.

Kroenke triggered a full takeover on Monday when he secured a controlling stake in the club and the American businessman is now obliged to make a mandatory cash offer for the remaining capital. Arsenal's board has recommended all shareholders accept the offer, priced at £11,750 per share, but the AST vowed not to relinquish their involvement in the club's ownership structure.

More than 100 members met in London on Monday night to discuss the proposed takeover and an AST spokesman said: "Arsenal is too important to be owned by any one person. The AST wants to work with Stan Kroenke to keep Arsenal supporters involved in the club's ownership structure."

The spokesman added: "The AST and the Arsenal Fanshare scheme will not be selling the shares it owns and urges all supporters to reject this offer.


"In just six months the Arsenal Fanshare scheme has gained 1800 members who have invested £500,000 in Arsenal shares.

"This scheme has been widely praised across the football community and is supported by the Government who are currently reviewing football's governance structures."

The supporters added they were encouraged to hear that Russian businessman Alisher Usmanov plans to keep hold of his 27% stake.

The spokesman continued: "AST is encouraged to hear Red & White plan to keep their shares. They have previously stated their long-term commitment to the club and this decision would be a good demonstration of that."

The AST is not against Kroenke's takeover but their support is strongly dependent on the retention of fan involvement in the ownership of the club.

The supporters were certainly encouraged by Kroenke's confirmation that his takeover bid will not be financed by debt secured against the club.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again