Kroenke increases Gunners stake

30 September 2009 14:06
American businessman Stan Kroenke has increased his stake in Arsenal, raising the prospect of a takeover bid. The billionaire has bought 80 more shares in the company to take his stake in Arsenal to 28.7 per cent. The latest developments see Kroenke edge closer to the 29.9 per cent mark that would trigger a formal takeover offer for the remainder of the club. After more than doubling his stake over the last year, the owner of the Denver Nuggets basketball team bought his latest 80 shares at £8,500 each.

Source: SKY_Sports