FT scoop confirmed: Arsenal's minority shareholder Alisher Usmanov is selling his 30 per cent stake in the football club. US billionaire Stan Kroenke consolidates his ownership of Arsenal, which is now valued at £1.8bn ft.com/content/b067cf… via @FinancialTimes
Kroenke taking on c£600m more in debt at KSE is not positive. Arsenal is the centrifuge around which all his other highly geared assets spin. Expect him to take massive multimillion-pound dividends to service it once he turns Arsenal into a ltd company. #afc #arsenal #thearsenal
It’s also pretty terrifying he’s taking his loan out with Deutsche Bank. In 2016 it had €42 trillion of derivatives exposure. It is basically bust, causing huge solvency issues for Europe altogether. Still, when that goes down, Arsenal’s loan will be the last of our worries.