Arsenal’s majority shareholder Stan Kroenke’s unconditional offer to Arsenal’s other shareholders remains open despite a full takeover bid by the American not forthcoming.
Kroenke Sports Enterprises moved close to controlling stake last month after buying additional shares month, with KSE’s stake now at around 63%.
Kroenke was then obliged to make a formal offer to buy up any remaining shares at around £11,750 a share, but had no takers, and a statement revealed that the offer would remain open.
KSE is pleased to announce that the Acceptance Condition has now been satisfied and the Offer is therefore unconditional in all respects," it read.
"The Offer, which remains subject to the terms set out in the Offer Document, will remain open for acceptances until further notice."
Kroenke’s intentions remain unclear, however major shareholder Alisher Usmanov has publicly stated his refusal to sell up to the American businessman, insisting he would keep hold of his stake in the club.
Arsenal fans remain opposed to the club falling into private ownership, and have urged shareholders not to sell up to Kroenke.
The 63-year-old became a member of the board in 2008 and retains overall control of the club.
Want to buy a stake in Arsenal? Get the ball rolling by playing Scratch Cards!