Arsenal ARE for sale and Stan Kroenke quoted a price of £1.7 billion just two years ago despite his insistence that they are not looking to sell.
After the madness that was the 48-hour Super League and the announcement by Daniel Ek that he wanted to buy Arsenal, things went relatively quiet.
It was also not lost on many that the three legends – Dennis Bergkamp, Thierry Henry and Patrick Vieira – said nothing about their alleged involvement, although none of the trio have issued a denial, either.
Either way, the Kroenkes seemed definitive in their ‘we’re not selling’ stance but, behind the scenes, they might be open to getting out.
So say the Mail on Sunday, anyway.
They report that the “word on the international investment circuit is that Arsenal have effectively been on the market — for about two years.”
They go on to say that an international financial consortium made an approach two years ago and were told that Stan Kroenke would entertain offers in the region of £1.7billion. In October 2017, Arsenal shares were trading at a price that meant this was an accurate reflection of the clubs’ price.
By the following year, this had risen to £1.8 billion, which was the price put on the club when Kroenke took full ownership by buying Alisher Usmanov’s shares for around £600m.
That price has increased even more since then, despite Arsenal’s on-pitch decline and lack of Champions League football.
Forbes reported recently that Arsenal are the 8th most valuable soccer business on the planet with a value of $2.8billion (£2.02billion)