Kroenke keen to meet board

19 July 2007 11:25
Arsenal stakeholder Stan Kroenke is keen to meet the rest of the board after holding talks with chairman Peter Hill-Wood and managing director Keith Edelman. The American billionaire and sports magnate currently owns 12 per cent of the north London club and reports continue to suggest he will launch a full takeover bid. Kroenke's spokesman, Paul Andrews, has refused to confirm those rumours, but has revealed the owner of several US sports franchises is keen to hold further discussions with the rest of the board. "He's very bullish about it. He now looks forward to meeting the other board members," said Andrews. "He's been meeting with the people from Arsenal for the past year-and-a half and he's very fond of the way they run their business operation. "We never comment on any future, possible investments of any kind. "Each investment is evaluated based on its merit and it will be assessed on an ongoing basis." Kroenke owns Major League Soccer side Colorado Rapids, the Denver Nuggets basketball team and Colorado Avalanche ice hockey franchise. The Colorado Rapids have an existing commercial and marketing partnership with the Gunners.

Source: ESA