Arsenal Supporters' Trust (AST)
has urged Alisher Usmanov not to
sell his 30 per cent stake in the club to majority shareholder Stan Kroenke. Reports suggest Kroenke
Sports Enterprise UK (KSE) is set to offer around £525m to buy the 18,695
shares held by Usmanov's Red and White Securities Limited.
While Usmanov has always stated
he would not be willing to part with his stake in the Premier League club, the
second largest individual shareholder has not been given a seat on the board
and it appears unlikely that situation will change. It is understood AST has
already initiated contact with Usmanov's representatives, following recent
reports he may now be set to sell up and will stress the importance of his role
in providing accountability.A policy statement published on the AST reads “The AST continues to believe that Arsenal is too important to be owned by any one person. The best ownership model for Arsenal will always include supporters being represented and involved in the ownership structure as shareholders. We understand the reality that any stake in Arsenal is available to buy at any time should someone make an acceptable bid, but we will oppose any attempt to buy the club outright and take it into single ownership.”
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