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Kroenke wins full control of Arsenal after Usmanov agrees to sell

Kroenke wins full control of Arsenal after Usmanov agrees to sell

Kroenke wins full control of Arsenal after Usmanov agrees to sellAmerican billionaire Stan Kroenke has struck a deal to take full control of Arsenal by buying out Russian rival Alisher Usmanov, valuing the English Premier League club at around $2.3 billion (1.8 billion pounds) but enraging some fans of the north London team. Coming at a crucial time for Arsenal as they start life without manager Arsene Wenger for the first time in 22 years, the deal cements the position of the U.S. sports boss among an elite band of super-rich soccer club owners in England. Fans worry however that Kroenke, relying on a loan for the bulk of the funding, will not spend enough to compete for players with the likes of Chelsea, Manchester City or Paris St Germain, backed by money from Russia, the United Arab Emirates and Qatar respectively.

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