Arsenal’s majority owner, Stan Kroenke, has revealed that his stock in the club are not up for sale.
The Gunners missed the Champions League for the first time since the 1997/98 season, and there have been concerns among the club faithful that the ownership is part of the club’s struggles.
During the club’s last match of the season against Everton, some fans waved anti-Kroenke banners, asking him to sell his stake in the club.
Kroenke owns 67% of the club, with 30% owned by Russian oligarch Alisher Usmanov.
Usmanov recently made a £1billion offer for Kroenke’s shares, but the American rejected the offer, and has reaffirmed that his stocks are not up for sale.
A statement released by Kroenke Sports & Entertainment (KSE) on Monday declared that that remained the case.
“KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms its shares are not, and never have been, for sale.
“KSE is a committed, long term investor in Arsenal and will remain so.”