Stan Kroenke Increases Stake In Arsenal
The American sports mogul has increased his stake to 28.58 per cent.
10-Jul-2009 3:37:35 PM
Stan Kroenke has continued to consolidate his position as Arsenal's majority shareholder by increasing his share in the club by 0.28 per cent.
The American tycoon was initially viewed with scepticism by other board members when he began his flirtations with the club, but these doubts have since quelled as he was offered a place on the board last year.
The further accumulation of minority shares sees Kroenke slowly edge closer to being obliged to launch a formal takeover of the club, as per a London Stock Exchange ruling that implies that when one holder reaches a 30 per cent stake, they are to then make an offer for the remaining shares.
According to a Sky Sports report, Kroenke has little intention of making a formal takeover bid, with club chief executive Ivan Gazidis commenting on the capital structure as "efficient".
Kroenke now has a 28.58 per cent stake.
Alisher Usmanov is the club's second largest shareholder, owning a 25 per cent stake. The Uzbek oligarch had a proposal for a rights issue of new shares that would raise funds for potential new recruits rejected by the board earlier this month.
Alan Dawson, Goal.com
- BREAKING NEWS: Barcelona Deny Any Agreement To Sign Arsenal's Cesc Fabregas
- England v Italy: Five Great English Victories Over Italian Teams
- Manchester City Set Sights On Fiorentina Defender Alessandro Gamberini - Report
- Manchester United Are Tracking Two Roma Youngsters - Report
- Stephen Ireland Ready To Leave Manchester City In Search On Firt Team Football - Report
- Arsenal Comment: Why A Weary And Wounded Andrey Arshavin Could Struggle To Be Liverpool's Tormentor
- Legendary Manchester United And England Captain Bryan Robson Backs Rio Ferdinand To Excel As The Skipper Of Three Lions
- Mark Hughes Linked With West Ham Position - Report
- Arsenal V Liverpool Special: Despite Their Differences, Rafa Benitez And Arsene Wenger Have Become Kindred Spirits
- Arsene Wenger Adamant That Cesc Fabregas Will Stay At Arsenal Despite Spanish Claims Of A Verbal Agreement With Barcelona
- Numbers Game: Seventeen Reasons Manchester United Don't Miss Cristiano Ronaldo, But One Reason Why They Might
- Indian Billionaires Mukesh Ambani & Subrata Roy Target Liverpool Takeover - Report
- Comment: Positives Emerge For Arsenal Amidst Title Race Ruins
- Euro 2012 Draw: Italy Meet Serbia, Germany-Turkey & Portugal-Denmark
- Chelsea Captain John Terry Is Keeping The Wrong Company - Former England Defender Graeme Le Saux
- Food For Thought: Is Wayne Rooney The Best In The World Now?
- Premier League Player Ratings: Chelsea 2-0 Arsenal
- Chelsea 2-0 Arsenal: Didier Drogba Double Dispatches Demoralised Arsenal
- Arsenal - Liverpool Special: What Odds Andrey Arshavin Making It A Night To 'Four-Get' For Rafa Benitez Again?
- Martin Keown: 'Poor Defending Has Cost Arsenal The Title'
- Premier League Preview: Arsenal - Liverpool
- Comment: Positives Emerge For Arsenal Amidst Title Race Ruins
20 - Food For Thought: Is Wayne Rooney The Best In The World Now?19
- Indian Billionaires Mukesh Ambani & Subrata Roy Target Liverpool Takeover - Report17
- Chelsea 2-0 Arsenal: Didier Drogba Double Dispatches Demoralised Arsenal16
- Kid's Corner: Chelsea Loss, A Blessing In Disguise?14
- Arsenal Manager Arsene Wenger Finds Chelsea Defeat 'Difficult To Swallow'11
Watch
