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Kronke’s Not Interested In Selling Arsenal

Emirates Stadium Arsenal

Arsenal owners Stan Kroenke and Josh Kroenke say they remain “100% committed” to the Premier League club and “are not selling any stake”.

Arsenal legends Thierry Henry, Dennis Bergkamp and Patrick Vieira have joined Spotify founder and billionaire Daniel Ek’s bid to buy the club but Kronke’s say they are not interested in selling:

“We have not received any offer and we will not entertain any offer,” the Gunners owners said.

“Our ambition for Arsenal remains to compete to win the biggest trophies in the game and our focus remains on improving our competitiveness on the pitch to achieve this.”

The Gunners were one of 12 founding members of the European Super League but they withdrew just 48 hours later and apologized to fans.

Stan Kroenke is a 73-year-old American owner of numerous sports franchises, including NFL side the Los Angeles Rams and NBA team the Denver Nuggets.

He took a 9.9% stake in Arsenal in 2007 and slowly built up his shareholding until it reached 62.89% in April 2011. His son Josh, is a director at the club and heavily involved in its day-to-day operations at Arsenal.

Swedish businessman Ek is worth a reported $4.7bn and tweeted that he would be “happy to throw my hat in the ring” if Kroenke Sports Enterprises (KSE) wanted to sell.

Serious buyers don’t use Twitter to announce that they are interested in making a billion pound investment. Plus the Kronke’s feel that the Super League in some format will happen. And when it does, the value of Arsenal will double overnight. Which is why they are not interested in selling, unless someone offers them a huge multiple of the £1.5B that Arsenal is valued at.