The Arsenal Supporters Trust has vociferously criticised Kroenke’s ownership in recent years for Arsenal’s relatively disappointing performances under Wenger culminating in last season’s sixth-place finish, and for payments to KSE of £3m in both 2014 and 2015, for “strategic and advisory services”.
In their statement, the AST said the compulsory acquisition of small shareholders’ stakes and taking the club private would “remove shareholder scrutiny” including at annual general meetings, which have seen pointed questions asked of Kroenke in public.
“The most dreadful part of this announcement is the news that Kroenke plans to forcibly purchase the shares held by Arsenal fans,” the statement said. “Many of these fans are AST members and hold their shares not for value but as custodians who care for the future of the club. Kroenke’s actions will neuter their voice and involvement.”
Trusts help fans have their say at every level.