Arsenal may be taken over for 1.5 billion pounds, Telegraph says | Bangkok Post: news

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Arsenal 'facing sport's biggest takeover'

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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