Kieran Maguire: Stan Kroenke has just finalised 'major' Arsenal move five years in the making
Arsenal owner Stan Kroenke is ‘cutting costs’ at The Emirates by changing the club to a private company.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the behind-the-scenes effect of Arsenal’s change.
Football Insider sources revealed on 19 April that the Gunners are finalising the process of re-registering as a private limited company, a move five years in the making.
A number of Companies House submissions published on 18 April show Arsenal moving away from a public company model.
Despite their status as a PLC, Arsenal have not actually been publicly traded since the club was de-listed from the NEX Exchange in 2018.
Maguire believes the change will help owner Stan Kroenke and his co-chairman and son Josh cut costs at The Emirates and go about their daily tasks with much more ease.
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“Arsenal’s switch from a public to a private company is a major change but it is simply formalising the position of the club that has existed for a period of time,” Maguire told Football Insider.
“It will help with cutting costs, some of which were not particularly troublesome given the market in which Arsenal shares were being traded in.
“That particular market dried up some time ago.
“But it does now allow Stan Kroenke and his family to focus on the day-to-day activities with a little greater ease and I’m sure they’ll be looking forward to the remainder of the season.“
In other news, doorhas opened for Arsenal to sign the ‘next Gabriel Martinelli’ this summer