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Kroenke acquires new shares

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12 May 2009 10:34:13

Kroenke acquires new shares

Stan Kroenke has purchased a further small amount of Arsenal shares, with the American billionaire's total holding remaining at 28.3 per cent of the Premier League club. Kroenke, who last year accepted an invitation to join the club's board, acquired two more ordinary shares on 30th April, at a price of £6,750 each, a statement released on Tuesday morning on the PLUS market said. The Kroenke Enterprise Group is 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 its 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 per cent threshold, they would be obliged to make a takeover bid. However, it is reported Kroenke has no intentions of any such move.


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