Rams owner Stan Kroenke is set to take full ownership of Arsenal after winning a power struggle Tuesday with a rival billionaire by securing a deal valuing the English Premier League club at $2.3 billion.
Russian businessman Alisher Usmanov, who was denied a place on the Arsenal board by Kroenke despite building up his stake to 30%, has agreed to sell to Kroenke, who currently owns 67% of Arsenal.
The agreement with Usmanov takes Kroenke beyond the 90% threshold that allows him to mount a mandatory bid for the remaining shares to gain 100% of the London club.