Arsenal may be having a nightmare on the pitch at present but off the field they are buzzing with their shares being traded at an all-time high.
The Daily Mail have reported that Two shares were bought for £16,500 each recently by an mystery investor –this means that Arsenal would be valued at £1.1 billion.
Stan Kroenke, the American majority shareholder and owner of 66 per cent of the club, and Russian tycoon Alisher Usmanov, owner of 29.95 per cent, are not believed to be involved in the costly purchase.
Alisher Usmanov has been looking to increase his ownership at the club to 30 per cent and has an opportunity to buy shares for £14,000.
Kroenke made an offer of £11,500 for each share to shareholders last April, so thats a £5,000 increase since he took control of Arsenal.
If Usmanov increase’s his shares to 30 per cent then he will liable for the Premier League’s fit and proper persons test which they perform on all director’s and owners of Premier League clubs.
This would force the Arsenal board to give him director status contradicting attempts to freeze him out at board level.
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