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Arsenal Fans Oppose Kroenke's Debt-Financed Take-Private Offer

  • Deutsche Bank lending 557 million pounds for stake purchase
  • Fans worried about debt, end of small shareholder oversight

Supporters of English Premier League soccer team Arsenal are worried Stan Kroenke’s acquisition of the third of the club he doesn’t already own may hurt the club’s finances, as well as cutting fans’ ability to hold the owners to account.

The Arsenal Supporters’ Trust said the deal marked a “dreadful day” for the club and it was concerned by a 557 million-pound ($721 million) two-year bridge loan from Deutsche Bank AG funding the transaction. That’s despite a statement from KSE, UK, Inc, the investment company buying the stake, saying that interest on the debt will not be funded from the business of Arsenal.