Something I’ve been trying to understand since the day Moshiri arrived, is how exactly the Arsenal shareholding works.
QUOTE
https://en.m.wikipedia.org/wiki/Ownership_of_Arsenal_F.C.
The
ownership of Arsenal Football Club is considerably different from that of other clubs in
English football. It is owned by a parent company, Arsenal Holdings plc, which has relatively few shares which are infrequently traded. Historically, the club has been owned by descendants of the Bracewell-Smith and Hill-Wood families, but since 2007 the club has attracted outside interest and two rival tycoons have acquired significant share holdings. As of 1 July 2011, the majority shareholder in the club is the American
Stan Kroenke, who holds 67.05% of the parent company. His rival, the Russian-Uzbek
Alisher Usmanov, owns 30.04%.
[1] Under Takeover Panel rules, Kroenke must in due course make an offer for every available share in the club.[2]
UNQUOTE
- When exactly is “in due course”?
- Can he only sell to Kroenke?
- Is the share price fixed?
Just all seems ambiguous. What’s to stop Kroenke stalling for years? Usmanov doesn’t even have a voice on the board.