"KSE, a DE corporation wholly-owned by Mr E. Stanley Korenke, now holds 41,743 Arsenal Shares, representing approximately 67.09 per cent of the existing issued share capital of Arsenal".
Speculation also emerged in 2017 that Usmanov was looking to buy Kroenke's shares with the minority shareholder reportedly offering £22,000 per share.
Kroenke has been battling Usmanov for control of Arsenal for over a year.
KSE said that 100% ownership of Arsenal would "bring the benefits of a single owner better able to move quickly in furtherance of the club's strategy and ambitions".
'Incredibly sad day for so many of our fan shareholders that no longer own a part of this club, ' said Wright.
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Kroenke, 71, has a fortune valued at $8.3 billion by Forbes, and has a portfolio of assets that includes National Football League franchise the Los Angeles Rams, NBA club the Denver Nuggets, NHL team Colorado Avalanche, and MLS club Colorado Rapids.
Kroenke, who - like Usmanov - first started amassing shares in Arsenal in 2007, succeeded in gaining full control in 2011.
"We appreciate Mr Usmanov's dedication to the Arsenal Football Club and the storied ethos and history the club represents", he said. Since then, the number has increased to seven full or partial owners of top-flight clubs.
Usmanov owns around 30 per cent of Arsenal and is the second biggest shareholder after Kroenke. Usmanov made a £1 billion ($1.3 billion) bid to buy the American businessman's stake in the club in May 2017, an offer that was rejected.
Deutsche Bank is advising KSE on the takeover deal.
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That's a scenario that has anxious parts of the fanbase, including the influential Arsenal Supporters Trust (AST), which owns three Arsenal shares.
"Kroenke plans to forcibly purchase the shares held by Arsenal fans".
AST added that by becoming the 100% owner, Kroenke would be able to take "detrimental actions" such as paying "management fees and dividends without any check or balance". It is in effect legalised theft to remove a brake on how Arsenal is managed'.
Arsenal have endured a hard period on the pitch in recent seasons, last winning the league in 2004 and failing to qualify for the lucrative Champions League for the past two seasons.
"The AST is wholly against this takeover".
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