Select a Team

Prev Game: Premier League Sat 14th Jan

prev game - Arsenal
team 1 score team 2
Swansea 0 - 4 Arsenal

Next Game: Premier League Sun 22nd Jan

next game - Arsenal
team 1 score team 2
Arsenal 14:15 Burnley

Kroenke close to takeover

American raises stake to 29.9 per cent

Last Updated: 05/11/09 5:22pm

  • Share:
Kroenke: Poised for takeover bid

Kroenke: Poised for takeover bid

Sky Bet

    • Retrieving latest Sky Bet odds

Stan Kroenke has moved a step closer to launching a takeover of Arsenal after increasing his stake in the club to 29.9 per cent.

The American business tycoon had raised his stake to 29.6 per cent earlier this week and now he has further raised his holding, leaving him just short of the 29.99 per cent threshold beyond which he would be forced to make an offer for the remaining shares.

Kroenke acquired another 200 shares in the club's parent holding company to move to the latest figure, with 100 of the shares being bought from Gunners chairman Peter Hill-Wood.

It seems inevitable Mr Kroenke, who owns the NBA's Denver Nuggets and Colorado Rapids MLS football team, will now launch a formal takeover of Arsenal.

Kroenke has preferred to remain quiet on his intentions for Arsenal, but Hill-Wood has recently announced that he would have no problem with Kroenke making a bid for the club.

  • Share:

Related

Most Popular

Features

Liverpool lead top 6 mini-league

Liverpool lead top 6 mini-league

Liverpool have the best record in matches played between the Premier League's top six sides this season.

Tyler stats: Rooney's L'pool record

Tyler stats: Rooney's L'pool record

Have the Manchester and Merseyside clubs ever all finished in the top four? What's Wayne Rooney's record like against Liverpool? Martin knows...

Your club's unlikely hero

Your club's unlikely hero

Man Utd haven't lost a game when Michael Carrick has played this season. See which other players the top teams can't do without...

Missing Men

Play Missing Men

Arsenal

Arsenal's FA Cup final win in 1998