Arsenal 'facing sport's biggest takeover'
- Published: 3 Mar 2013 at 12.20
- Online news:
Arsenal football club may be bought out by a Middle East group for 1.5 billion pounds (US$2.3 billion), the sport's biggest takeover, the United Kingdom Telegraph reported, citing an unidentified person in the group.
The cash offer for all of the 62,217 issued shares would include about 830 million pounds for U.S. owner Stan Kroenke’s 66.83% stake, according to the report. The bid, more than twice the amount that Arsenal was valued at two years ago, will be...
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