The largest shareholder on the Arsenal board is American sports tycoon Stan Kroenke. Kroenke first launched a bid for the club in April 2007, and faced competition for shares from Red and White Securities, which acquired its first shares from David Dein in August 2007. Red & White Securities was co-owned by Russian billionaire Alisher Usmanov and London-based Iranian financier Farhad Moshiri, though Usmanov bought Moshiri's stake in 2016. Kroenke came close to the 30% takeover threshold in November 2009, when he increased his holding to 18,594 shares (29.9%). In April 2011, Kroenke achieved a full takeover by purchasing the shareholdings of Nina Bracewell-Smith and Danny Fiszman, taking his shareholding to 62.89%. In May 2017, Kroenke owned 41,721 shares (67.05%) and Red & White Securities owned 18,695 shares (30.04%). In January 2018, Kroenke expanded his ownership by buying twenty-two more shares, taking his total ownership to 67.09%. In August 2018, Kroenke bought out Usmanov for £550m. Now owning more than 90% of the shares, he had the required stake to complete the buyout of the remaining shares and become the sole owner. There has been criticism of Arsenal's poor performance since Kroenke took over, which has been attributed to his ownership. Ivan Gazidis was the club's Chief executive from 2009 to 2018.
The largest sharehol!der on the Arsenal board is American sports tycoon Stan Kroenke. Kroenke first launched a bid for the club in April 2007, and faced competition for shares from Red and White Securities, which acquired its first shares from David Dein in August 2007. Red & White Securities was co-owned by Russian billionaire Alisher Usmanov and London-based Iranian financier Farhad Moshiri, though Usmanov bought Moshiri's stake in 2016. Kroenke came close to the 30% takeover threshold in November 2009, when he increased his holding to 18,594 shares (29.9%). In April 2011, Kroenke achieved a full takeover by purchasing the shareholdings of Nina Bracewell-Smith and Danny Fiszman, taking his shareholding to 62.89%. In May 2017, Kroenke owned 41,721 shares (67.05%) and Red & White Securities owned 18,695 shares (30.04%). In January 2018, Kroenke expanded his ownership by buying twenty-two more shares, taking his total ownership to 67.09%. In August 2018, Kroenke bought out Usmanov for £550m. Now owning more than 90% of the shares, he had the required stake to complete the buyout of the remaining shares and become the sole owner. There has been criticism of Arsenal's poor performance since Kroenke took over, which has been attributed to his ownership. Ivan Gazidis was the club's Chief executive from 2009 to 2018.