RSS
ATOM
advertisement
Stan Kroenke Purchases 25 Arsenal Shares, Closes In On Formal Takeover Obligation
American entrepreneur bought shares for £212,500 and he is now within 17 shares of launching a formal takeover.
| Bet: | Returns: | Sunderland £32.00 | Draw £32.50 | Arsenal £21.00 |
|
| Bet: | Returns: | Sunderland £32.00 | Draw £32.50 | Arsenal £20.00 |
|
| Bet: | Returns: | Sunderland £35.00 | Draw £34.00 | Arsenal £21.00 |
|
| Bet: | Returns: | Sunderland £31.50 | Draw £32.00 | Arsenal £21.30 |
|
Dec 21, 2009 3:31:19 PM
American sports entrepreneur Stanley Kroenke is just 17 share purchases away from having to launch a formal takeover of Arsenal football club, after the majority shareholder acquired a further 25 shares this afternoon for a total price of £212,500.
Including the recent purchase, Kroenke now has control over 18,649 shares, or 29.9 per cent of the company's overall holding.
The 62-year-old has a vast experience in owning a variety of sports franchises in his native America, including the Denver Nuggets (basketball), Colorado Rapids (soccer), and the Colorado Avalanche (ice hockey).
He continued to up his interest in Arsenal throughout November by acquiring the shares of minority holders.
The club's other main shareholders are Danny Fiszman, Lady Bracewell-Smith, and second-largest shareholder Alisher Usmanov - who increased his own standing in the club to 26 per cent earlier in the month.
Kroenke's intentions are ambiguous. At an October annual general meeting he was probed as to whether he would be activating the London Stock Exchange clause that states a 30 per cent holding requires a formal takeover bid, however, Kroenke remained coy.
Alan Dawson, Goal.com UK
Including the recent purchase, Kroenke now has control over 18,649 shares, or 29.9 per cent of the company's overall holding.
The 62-year-old has a vast experience in owning a variety of sports franchises in his native America, including the Denver Nuggets (basketball), Colorado Rapids (soccer), and the Colorado Avalanche (ice hockey).
He continued to up his interest in Arsenal throughout November by acquiring the shares of minority holders.
The club's other main shareholders are Danny Fiszman, Lady Bracewell-Smith, and second-largest shareholder Alisher Usmanov - who increased his own standing in the club to 26 per cent earlier in the month.
Kroenke's intentions are ambiguous. At an October annual general meeting he was probed as to whether he would be activating the London Stock Exchange clause that states a 30 per cent holding requires a formal takeover bid, however, Kroenke remained coy.
Alan Dawson, Goal.com UK
| Sign up with 188BET for a FREE bet up to £25 – Great Prices, Every Game |
|
| Open an account with Sportingbet today and get up to £100 in free bets! |
|
| Sign up with William Hill for a free bet up to £25 |
|
| Sign up with bet365 for a free bet up to £200 |
|
Thank you for your comment!
Please enter your name
Please enter your location
Please share your comment!
25 Comments
Advertisement
Inside Goal.Com
-
What we learned from Man Utd's thrilling fightback
Sir Alex Ferguson's team showed resilience and drive to prove they can hound rivals City all the way in race for the Premier League title
-
Player Ratings: Liverpool 0-0 Tottenham
The Reds slumped to their eighth draw at Anfield this season in the Premier League against a resilient Spurs side who, without manager Harry Redknapp, keep their title hopes alive
-
Cartoon: This looks like a job for Super-Webb!
Goal.com cartoonist Omar Momani gives us his unique take on the football news of the day ...
-
Scudetto now a two-horse race, but watch Roma go
While the top two continue to give each other a break, the country's most attacking outfit could be just a couple of signings away from becoming a real force
-
World Player of the Week: Eamon Zayed - Persepolis
Join Goal.com in saluting another player worthy of global recognition
Advertisement
Advertisement
