Kroenke raises stake in Arsenal

Published : 01 May 2009 21:31:38Rss feed

Arsenal director Stan Kroenke has become the largest shareholder at the club, increasing his stake to 28.3%. The American tycoon, who joined the board last year, now has a bigger holding than Uzbekistani metals magnate Alisher Usmanov. It takes Mr Kroenke closer to the 30% threshold that would force him to make an offer for the remaining shares. The shares were bought from members of the Carr family, including Arsenal director Richard Carr. Mr Kroneke's company, KSE, paid between .... read more