Source: Daily_Mail
Arsenal on takeover alert after Kroenke increases stake with £85k shares purchase
Stan Kroenke has purchased another 10 shares in Arsenal's parent holding company, at a cost of some £85,000, to edge closer towards the takeover threshold. The Denver-based sports magnate is now the largest individual shareholder in the Gunners, with a stake of some 28.9 per cent, which includes a £765,000 purchase earlier this month. Should Kroenke, or indeed anyone else such as second-largest shareholder Alisher Usmanov, reach a figure of 29 per cent, they would, under the City's financial regulations, be obliged to launch a formal takeover bid. Taking over: Stan Kroenke (L) is creeping close to the 29 per cent share threshold which would force him to launch a hostile takeover ArsenalHowever, when the matter of his intentions for the Barclays Premier League club was raised during last week's Annual General Meeting at Emirates Stadium, the American - nicknamed 'Silent Stan' - chose not to take the opportunity to address the gathered shareholders, with chairman Peter Hill-Wood intervening. Arsenal share war: Billionaires Alisher Usmanov and Stan Kroenke set for takeover battleAngry Andrey Arshavin ready to show Spurs that Arsenal are no chokersArsenal ace Cesc Fabregas insists: Our rivals are under more pressure than us to win the titleARSENAL FC