Stan Kroenke releases statement on Arsenal

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Arsenal’s majority shareholder Stan Kroenke has issued a statement regarding his future ownership of the club.

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The American billionaire was at the center of fan unrest on Sunday as Arsenal finished fifth in the Premier League, missing out on a top four finish for the first time in 21 seasons under Arsene Wenger.

Kroenke’s fellow Arsenal shareholder Alisher Usmanov (he owns 30 percent of the shares) last week offered over $1.3 billion for Kroenke’s 67 percent stake in the Gunners but Kroenke turned the bid down.

Now the company which also owns the LA Rams, Colorado Rapids, Colorado Avalanche and Denver Nuggets, Kroenke Sports and Entertainment, have issued the following defiant statement.

“KSE UK, Inc notes the recent media speculation concerning its holding in Arsenal Holdings PLC and confirms that its shares are not, and never have been, for sale. KSE is a committed, long term investor in Arsenal and will remain so.”

That is about as definitive as it gets.

Kroenke will remain at Arsenal and until the situation regarding Wenger’s future, and that of star players Mesut Ozil and Alexis Sanchez is sorted out, fans will continue to vent their anger at the American businessman.

With the Gunners preparing for Europa League action next season, the only thing which could save Kroenke and Co. from more unrest over the summer is if Arsenal beat Chelsea in the FA Cup final on Saturday.

Even that would only provide momentary respite before fans, former players and everyone else begins to look for answers to the bigger-picture questions on where Arsenal are heading on Kroenke’s leadership.

What a mess.