Since the Arsenal Fanshare scheme was launched six months ago, 1800 Trust members have invested a total of £500,000 in shares. The club board has recommended that they accept Kroenke's mandatory offer of £11,750 per share, but in a statement the AST outlined their reasons for rejecting this advice.
"Arsenal is too important to be owned by any one person. The AST wants to work with Stan Kroenke to keep Arsenal supporters involved in the club's ownership structure. The AST and Arsenal Fanshare scheme will not be selling the shares it owns and urges all supporters to reject this offer."
The AST has also confirmed that any support for Kroenke's ownership is contingent on the retention of fan involvement, something which Kroenke has previously indicated that he is amenable to. Kroenke has maintained that he does not intend to de-list Arsenal from the PLUS markets, and the AST "will seek further confirmation of his plans in this area and would like to see more detail on this subject in the formal KSE offer document."
To read more about Stan Kroenke's acquisition of a controlling stake in Arsenal, visit the following articles:
http://www.arsenaltrust.org/recent-news.php?article=361&id=&year?
http://www.guardian.co.uk/football/blog/2011/apr/11/stan-kroenke-arsenal-glazer-united?intcmp=239?