Kroenke insists Arsenal shares not for sale

Stan Kroenke s company KSE UK has released a statement to stress its shares in Arsenal are not for sale at any price amid reports Alisher Usmanov is still keen to take full control of the club.

Usmanov owns 30 per cent of Arsenal s shares, but is not part of the board or involved in decision-making at Emirates Stadium.

The Uzbek-born Russian was reportedly willing to pay £1 billion to acquire Kroenke s 67 per cent stake in the club, but the latter s company KSE UK has now seemingly ended Usmanov hopes of a takeover.

KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms that its shares are not, and never have been, for sale, an official statement reads.

KSE is a committed, long term investor in A…