Stan Kroenke offer to Arsenal shareholders remains open

Stan Kroenke
American Kroenke, 63, also owns the Denver Nuggets NBA basketball team

Stan Kroenke's unconditional offer to Arsenal shareholders will remain open despite the American not completing a full takeover of the club.

Kroenke Sports Enterprises (KSE) bought additional shares last month to acquire a near 63% controlling interest in Arsenal's parent holding company.

As obliged, Kroenke made a formal offer for the remaining stock at £11,750 a share but has had no takers.

A statement confirmed the unconditional offer will stay open.

"KSE is pleased to announce that the Acceptance Condition has now been satisfied and the Offer is therefore unconditional in all respects," it read.

"The Offer, which remains subject to the terms set out in the Offer Document, will remain open for acceptances until further notice."

However, with Uzbek oil magnate Alisher Usmanov not selling his 27% stock through Red & White Holdings and the Arsenal Supporters Trust also urging all minority shareholders not to cash in, the Gunners will remain outside private ownership for now.

Kroenke, who accepted an invitation to join the board in September 2008, will still retain overall control.

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