Stan Kroenke makes offer to Arsenal

Arsenal's Stan Kroenke makes offer to buy whole of London club

Arsenal's majority shareholder, Stan Kroenke, has made an offer to buy the whole of the club in a deal that would value the Gunners at £1.8bn.

The American billionaire owns 67% of Arsenal through his company KSE, which says Alisher Usmanov has agreed to sell his 30% stake in the club.

The buy-out announcement was made to the London Stock exchange on Tuesday.

Kroenke believes taking the club private will help the club achieve success