American billionaire Stan Kroenke is keen to hold talks with the Arsenal board.

Kroenke bought a 9.9% holding in Arsenal from ITV last April and has increased his stake to 12%.

Paul Andrews, the executive vice president and chief marketing officer of Kroenke Sports Enterprises, refused to say whether Kroenke was looking to make a further investment in Arsenal but said the reclusive business tycoon was excited about his current stake in the London club.

"It is an investment, Mr Kroenke has invested in Arsenal and he's very excited about it," Andrews said.

"He's been meeting with the people from Arsenal for the past year and a half and he's very fond of the way they run their business operation. He's very bullish about it."

Asked whether Kroenke had a healthy relationship with Gunners chairman Peter Hill-Wood, who was initially hostile towards the US Midwesterner's financial interest in the club, Andrews replied: "Absolutely. He's a 12% owner, he holds a significant stake in the club and he now looks forward to meeting the other board members."

On the subject of Kroenke's intentions regarding extending his stake in Arsenal, Andrews said: "I wouldn't dare to comment.

"We never comment on any future, possible investments of any kind. Each investment is evaluated based on its merit and it will be assessed on an ongoing basis."