"This news marks a dreadful day for Arsenal Football Club."
-- The Arsenal Supporters' Trust in response to the announcement by Arsenal's majority shareholder, American Stan
, that he has offered 600 million pounds ($788 million) to buy the 30 percent interest in the EPL club owned by Russian Alisher Usmanov
. That move, which Kroenke says he'll fund
mostly with loans, would value the club at 1.8 billion pounds ($2.3 billion) and would lead to the compulsory purchase of the remaining shares, some of which are owned by Arsenal fans. (ArsenalTrust.org