Labour leader and Arsenal fan Jeremy Corbyn has backed the club's Supporters Trust in their opposition to Stan Kroenke's full takeover of the Gunners.
There was a furious backlash from Arsenal supporters after the American billionaire agreed to pay £550million to buy second largest shareholder Alisher Usmanov's 30 per cent stake in the Premier League club.
It means Kroenke will have complete control and take the club private, ending Arsenal's long tradition of financial accountability and transparency by having supporter shareholders.
The Supporters Trust described Kroenke's buy-out as 'a dreadful day for Arsenal FC' and now Corbyn has voiced his disapproval.
He said in a statement: 'It's a real shame that this sale will bring to an end the longstanding official role of Arsenal supporters in the running of the club.
'I back the Arsenal Supporters Trust's opposition to this takeover which is sadly an all too familiar story in today's Premier League.'
Rosena Allin-Khan MP, Labour's shadow sports minister, added: 'The sale of any football club – particularly one of the size and stature of Arsenal Football Club, must take fans into consideration.
'Whilst the fans may only have a small shareholding in the club, without the fans there would be no club at all so their voices must be heard.
'It is concerning that if this deal goes ahead there could be no Independent Directors on the Arsenal board, and so we appeal to Stan Kroenke to ensure that fans will have a say in how the club operates going forward.
'The financial viability of the deal must also be carefully examined, especially if the club will be purchased via a loan.
'We cannot have a football club used as collateral against an owner's other business interests and we urge the Premier League to thoroughly examine this deal.'
Corbyn, whose Islington North constituency contains Arsenal's Emirates Stadium, has been an avid supporters for many years.
He signed a motion to recognise Arsenal as the world's best football team in 2004, after Arsene Wenger's side had completed the entire Premier League season unbeaten.
The motion, proposed by Brian Sedgemore MP, read: 'This House believes that Arsenal is the best club football team in the world at the moment and admires them for the fluency and poetry that they have brought to the beautiful game.'
Last year, on a visit to Brussels, Corbyn presented the European Union's chief negotiator Michel Barnier with an Arsenal shirt.
Corbyn was pictured in the crowd at the Emirates when Arsenal took on Atletico Madrid in the semi-finals of the UEFA Europa League last season.
Corbyn has also previously supported motions congratulating the Arsenal men's and women's teams on winning the FA Cup. He has also campaigned for the club to become a living wage employer.
In 2015, Corbyn named Ian Wright, Dennis Bergkamp and Jens Lehmann as his all-time favourite Arsenal players.
Asked by The Spectator for his favourites, Corbyn said: 'Of all time, Ian Wright. Plus, Dennis Bergkamp. And the one I really enjoyed talking to was Jens Lehmann. I like him very much.'
After Arsenal manager Arsene Wenger last week announced his intention to step down at the end of the season, Corbyn posted a heartfelt tribute on his social media accounts.
He wrote: 'Thank you Arsene Wenger for all you have done for Arsenal and our community in North London, and for the inspiration you have given to young people to take up football.
'Thank you for all the achievements, over such a long period, for the club I love.
'Three Premier League titles, the unbeaten season, a record breaking seven FA Cups and revolutionising the English game.
'Thank you for the beautiful football and wonderful memories. And thank you for the example you have set in standing up to abuse and criticism, proving you are stronger than all your critics.
'Merci beaucoup, Monsieur Wenger, pour votre bon travail.'