Big name firms work on Arsenal takeover deal
updated on 18 April 2011
A gaggle of firms have won roles on the Arsenal takeover by US businessman Stan Kroenke. The football cub is valued at £731 million.
Kroenke agreed to launch a mandatory full takeover after his company acquired a majority stake (62.89%) in the club. As reported in Legal Week, a number of firms are playing important roles in the high-profile deal: Clifford Chance is advising Kroenke, Slaughter and May is advising Arsenal, and Linklaters is advising Lady Bracewell-Smith, whose shares Kroenke bought.
On the finance side, Deutsche Bank London, Kroenke's financial adviser, has retained Herbert Smith. White & Case is acting for the lenders, Deutsche Bank NY.
