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Stan Kroenke says Arsenal not for sale after $1.3 billion takeover bid

American sports tycoon says “its shares are not, and never have been, for sale”

Stan Kroenke
John Leyba, The Denver Post
Stan Kroenke owns the Denver Nuggets, the Colorado Avalanche, the Colorado Rapids, the Pepsi Center and most of the English soccer club Arsenal.
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LONDON — Arsenal owner Stan Kroenke says he has no interest in selling the Premier League club.

The statement from the American sports tycoon comes after The Associated Press reported on Friday that minority Arsenal shareholder Alisher Usmanov offered a $1.3 billion takeover bid.

Kroenke’s company said Monday that “its shares are not, and never have been, for sale,” adding that it “is a committed, long term investor in Arsenal and will remain so.”

There were chants against Kroenke during Arsenal’s game against Everton on Sunday as the team failed to qualify for the Champions League for the first time in 20 years.

Kroenke also owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Los Angeles Rams.

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