August 7, 2018 / 6:21 AM / 2 months ago

Soccer-U.S. billionaire Kroenke seeks to buy all of Arsenal

LONDON, Aug 7 (Reuters) - Stan Kroenke, the majority owner of Arsenal, has made an offer to buy all of the English Premier League club in a deal that values it at around 1.8 billion pounds ($2.33 billion), after he secured the backing of minority owner Alisher Usmanov.

The American billionaire, who already owns 67 percent of the club, said in a statement to the London stock exchange that he thought the club would benefit from being taken private. ($1 = 0.7719 pounds) (Reporting by Kate Holton; editing by Michael Holden)

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