Confirmation and statements here.

What does it mean? In the short term very little, but in the long term, the announcement points to the possibility that Arsenal are going west.

There have been rumours that Danny Fiszman has been a potential seller for some time. Why has he decided to cash in on a third of his shares now? Well, his tax status means that he’ll certainly be keeping most of the £40 million plus Kroenke has paid him.

Kroenke’s history with his sports outfits in the States is one of investment in the teams to make them more competitive. Let’s hope that’s the case with Arsenal.

The irony of all this is that, had Lady Nina Bracewell-Smith agreed to sell her shares to Kroenke in 2007, we’d be in a similar situation except with David Dein still at the club and no Alisher Usmanov hovering over proceedings. On the whim of one woman…

Danny Fiszman talks about the sale of his shares on the official website – credit to the club and Fiszman for providing some comment on the change, here’s hoping this marks a new era of open communication under the new CEO Ivan Gazidis.

If you want to get more involved in the debate about the future ownership of Arsenal, join the Arsenal Supporters’ Trust.