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Record of failure in the USA highlights why Stan Kroenke’s Arsenal takeover is bad news

The news that Arsenal’s majority shareholder Stan Kroenke has made a £600 million offer to buy the whole of the Premier League club hasn’t gone down well with many Gunners fans.

Kroenke, who currently owns 67% of the club, has put forward a deal that that would see him buy the remainder of the club’s shares.

Russian billionaire Alisher Usmanov and his company Red and White Securities currently owns 30% of the shares.

The Arsenal Supporters’ Trust, says the proposal “marks a dreadful day for Arsenal Football Club” and it has expressed major concern at what it means for the future of the club.