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Kroenke increases stake in Arsenal

Published: 03 Nov 2009 - 10:04:19

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Arsenal director Stan Kroenke has taken his shareholding in the club to 29.6%, after buying a further £3.6million in shares at the Emirates.

The American billionaire, known as 'Silent Stan', is Arsenal's largest shareholder and is now just 0.3% shy of the level at which he would be forced to make an offer for the entire stockholding.

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Kroenke appeared at Arsenal's general shareholders meeting in October, but declined the opportunity to speak and address his intentions for the club.

Kroenke already owns NBA franchise the Denver Nuggetts.

- Football.co.uk staff