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Kroenke edges closer to Arsenal takeover

Stan Kroenke has bought 10 more Arsenal shares, moving him even closer to the 30% threshold that will require him to make a formal takeover bid, reports BBC Sport. The latest purchase means that the US billionaire and Gunners director now owns 29.9% of the club's shares.

The American has gradually increased his stake in Arsenal this year through a number of different share transactions.

If a shareholder's stake in a company reaches 30%, he or she has to offer to buy the entire stockholding.

 Click here for more Arsenal news and comment from Arsene Wenger

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