Source: Eurosport
Kroenke buys more Gunners shares
American billionaire Stan Kroenke has increased his share in Arsenal to 28.9%.[LNB] The businessman, who joined the club's board in September last year, has purchased 90 additional shares at £8,500 each to add a further 0.2% to his existing holding.[LNB] A club statement read: "Stan Kroenke has a beneficial interest in, and controls voting rights over, 17,957 ordinary shares in the Company - representing 28.9% of the company's issued ordinary shares."[LNB] The Denver Nuggets basketball team owner is the Gunners' largest shareholder, with Uzbek businessman Alisher Usmanov also holding a share of more than 25%.[LNB] If Kroenke reaches a 29.9% threshold it will trigger a formal takeover bid.
