Kroenke buys more Arsenal shares

Published : 23 Nov 2009 15:58:51

Stan Kroenke has bought 10 more Arsenal shares, moving him even closer to the 30% threshold that will require him to make a formal takeover bid.The latest purchase means that the US billionaire and Arsenal director now owns 29.9% of the club's shares. Mr Kroenke has gradually increased his stake in Arsenal this year through a number of different share transactions. If a shareholder's stake in a company reaches 30%, he or she has to offer to buy the entire stockholding. .... read more