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>> Stan Kroenke is gunning for full ownership of Arsenal in a deal that values the UK's soccer club at $2.3 billion. The American billionaire currently owns 67% of Arsenal, and says he's received an irrevocable undertaking from Russian rival, Alisher Usmanov, to sell his 30% stake. Kroenke told the London Stock Exchange that once he's bought out any remaining independent shareholders, he plans to take the club off the LSE altogether, saying the club would be better able to pursue its strategy if it was taken private.
Kroenke, who owns the US Denver Nuggets Basketball team, and the Los Angeles Rams American football team, has been steadily increasing his Arsenal holdings over the past decade.>> We like the team, or we wouldn't have gotten involved.>> And the move for full control comes at a crucial time for Arsenal after Manager Arsène Wenger stood down in April, following 22 years in charge.
His successor, Unai Emery, faces a challenge to return the club to the summit of English soccer when the new season kicks off on Friday. Competition at the top is fiercer than ever, and Arsenal hasn't won the Premier League in 14 years.