Today KSE, UK, INC. (“KSE”) has announced an Offer for Arsenal Holdings PLC. 

 As part of the Offer KSE, which is a company owned by existing Arsenal Director Stan Kroenke, has committed to continue to operate the Club in line with our existing self-sustaining business model.

Mr Kroenke has a proven track record of successful long-term investment in sport and has confirmed that he has asked the existing Board to remain in place. This includes Mr Peter Hill-Wood as Chairman. Mr Kroenke is also fully supportive of Manager Arsène Wenger whom he has stated is a wonderful manager.

KSE has also stated that the offer will not be funded by debt finance secured against the Club. 

The Independent Directors of Arsenal comprising of Mr Hill-Wood, Ivan Gazidis, Ken Friar, Sir Chips Keswick and Lord Harris of Peckham have considered these confirmations as well as the Offer price and, having received advice from an independent adviser, Rothschild, are recommending that shareholders accept the Offer.

Follow these links for more information covering the offer and a film of Ivan Gazidis:

The irrevocable undertakings provided by the directors and Lady Nina Bracewell-Smith;

The written consents of Deutsche Bank and Rothschild;

The annual accounts of Arsenal for the last 3 years together with the most recent interim results:

PLEASE NOTE: The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial information differs from legislation in other jurisdictions.

Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 6 May 2011