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Senior Member
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Join Date: Jul 2008
Posts: 34,778
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Senior Member
Join Date: Jul 2008
Posts: 34,778
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Stan Kroenke has increased his stake in Arsenal to 29.9%, it has been confirmed in a statement to the Stock Exchange.
This moves Kroenke close to the threshold whereby he would have to make an offer for all the shares in the football club.
The Denver-based business has purchased a further 200 shares in the club's parent holding company. When he reaches 29.99% he will be able to launch a full takeover.
Kroenke purchased 100 of those shares from Arsenal chairman Peter Hill-Wood.
0.09% from takeover bid.
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05-11-2009, 10:01 AM
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