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Kroenke buys up more Arsenal shares

Stan Kroenke has purchased another round of Arsenal shares.

Kroenke has purchased a further small amount of Arsenal shares, with the American billionaire's total holding remaining at 28.3% of the Barclays Premier League club, it has been confirmed.

Kroenke, who last year accepted an invitation to join the club's board, acquired two more ordinary shares on April 30, at a price of £6,750 each, a statement released on Tuesday morning on the PLUS market said.

The Kroenke Enterprise Group are the largest shareholder in Arsenal, ahead of Uzbek tycoon Alisher Usmanov, after a recent £42.5million purchase of stock from director Danny Fiszman and then increasing their stake with another 4,839 shares from members of the Carr family, also at the end of April.

Under financial regulations, were any single shareholder to reach a 30% threshold, they would be obliged to make a takeover bid. However, it is understood Kroenke has no intentions of any such move.

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