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American billionaire Kroenke ups Arsenal stake

Submitted by tribalfootball.com on Fri, 11/27/2009 - 03:15

American billionaire Stan Kroenke has improved his stake in Arsenal for the second time in a week to edge ever closer to a takeover bid for the Gunners.

The American business tycoon, who also owns US sports teams Colorado Rapids, the Denver Nuggets and the Colorado Avalanche, has bought 20 more shares for £170,000 just three days after adding another 10 to his collection.

His stake in the club is believed to be just 42 shares short of reaching the critical 30 per cent level.

If he passed 29.99 per cent, under the strict financial rules of the City Kroenke would be obliged to make a formal offer for the remainder of the shares at the highest price paid for stock during the past 12 months, which was £10,500 in May.

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Comments (5)

Submitted by CAESAR DANIELS (not verified) on Fri, 11/27/2009 - 07:31.

In as much as i want de take over,i want changes in de club for we (fans)cant boost b4 other club fans.keep it up Mr stan but dont let us down

Submitted by Agger if you leave... (not verified) on Fri, 11/27/2009 - 06:26.

why invest in this arse-anal club??? they dont even have a fkkkin CL. good for nothing club.

Submitted by tha! (not verified) on Fri, 11/27/2009 - 05:38.

every proper Arsenal fan beno doen't want a takeover. The only time we will accept Kroenke taking over would be to stop the fat russian usmanov from doing it. If Kroenke takes over nothing will change in the football operations

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