Arsenal boss Arsene Wenger has welcomed Stan Kroenke's imminent takeover. Kroenke has vowed to bring success to Arsenal after sealing a controlling stake at the Emirates with a £300million swoop.
The American businessman has also agreed terms for the purchase of the remaining stock which values the club at £731m.
Wenger welcomed the news and said: "I have worked with Stan Kroenke at board meetings over the past couple of years and I believe he has the best interests of Arsenal at heart.
"He understands the club's heritage and traditions and our ambition to run the club in a way which protects our long-term future."
Arsenal chairman Peter Hill-Wood, who initially said the Gunners did not want Kroenke's 'sort' involved at the club when KSE bought their initial stake four years ago, added: "The board of directors and I consider it a key responsibility to protect the ethos and spirit of the club.
"Mr Kroenke, although relatively new to Arsenal, has shown himself to be a man who values and respects the history and traditions of this very special club that we cherish. We are confident that he will be a safe custodian of its future.
"At this time of transition I would like to pay particular tribute to Danny Fiszman for his immense contribution. Danny's vision and drive led the relocation to our new stadium, an historic move which will benefit the club and its many passionate fans long into the future.
"I would like to pay tribute to the important and long-standing role that the Bracewell-Smith family have played in Arsenal's history.
"The family have been staunch supporters of the club for over 70 years and the club is significantly indebted to them for the role that they have played in its development and success. We will be considering appropriate ways to mark this long and valued contribution."
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