Kroenke increases stake

12 May 2009 12:50
Stan Kroenke has moved a step closer to launching a takeover bid for Arsenal by buying more shares in the club. The American billionaire has a 28.3 per cent share of the Premier League club, more than Uzbekistan tycoon Alisher Usmanov. Under financial regulations, were any single shareholder to reach a 30 per cent threshold, they would be obliged to make a takeover bid. Meanwhile, Gunners defender Mikael Silvestre has urged Arsene Wenger to strengthen the squad in the summer. Arsenal will finish this season in fourth place in the Premier League and lost in the semi-finals of both the FA Cup and Champions League. Former Manchester United star Silvestre said: "We have played against top sides and shown weaknesses. It's for the boss to analyse that. "We need to concentrate on the last two games and stay professional to the end. People talk about character - but the character is there. "These players are going to grow. You learn more when you have defeats like this. But it's a bad season overall. It's disappointing to finish where we have."

Source: ESA