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Stan Kroenke : I want to buy Arsenal For £1.8bn

An american billionaire owning more than 60% of arsenal shares has submitted his bid to the rest of stake holders with the aim of owning more 30% of the company.

Stan Kroenke the largest stake holder manages arsenal through his company called KSE.

In their own statement and press release this morning they have shown that Alisher Usmanov has agreed to sell them the remaining 30%.

They further went ahead to say their claims are for the good will of arsenal to see it take the top prize of premier league as well as champion league of Europe.

He is expected to raise a total of 660 euro Millions of which £557m are to be borrowed from various banks in the market.

This offer came up after a new manager has taken over arsenal from Arsene wenger. Unai Emery the current reigning manager is in favor of the bid by the billionaire saying the club needs more funds to compete favorably.

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