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Stan Kroenke to take control of Arsenal

Aug 08, 2018 13:03 IST

Russian billionaire and Arsenal share holder Alisher Usmanov in a stunning statement has agreed to sell his shares in the football club and accept rival Stan Kroenke's bid to buy him out. Usmanov will be bought out for a whopping 550m pounds by the American tycoon Kroenke who already owns 67% of Arsenal.