ARSENAL fans were dismayed today by news that US billionaire and the club’s majority shareholder Stan Kroenke has taken full ownership, saying it marked “a dreadful day” for the club. 

The billionaire’s company, Kroenke Sports and Entertainment (KSE), previously owned 67 per cent of the Gunners before snapping up the 30 per cent held by Russian oligarch Alisher Usmanov in a deal worth £1.8 billion. 

In a statement published on the London Stock Exchange, Kroenke said: “We appreciate Mr Usmanov's dedication to the Arsenal Football Club and the storied ethos and history the club represents.