Page last updated at 15:07 GMT, Monday, 21 December 2009

Kroenke near to Arsenal threshold

Stan Kroenke at Arsenal
Mr Kroenke has gradually increased his holding in Arsenal

Stan Kroenke has bought 25 more shares in Arsenal and is within 17 shares of the threshold that would force him to make a takeover bid.

US billionaire Mr Kroenke, a director at the club, now holds a 29.9% stake.

Takeover guidelines in the UK state that if a shareholder's stake in a company reaches 30%, he or she has to offer to buy the entire stockholding.

Mr Kroenke has gradually increased his stake in the club this year but has declined to comment on his intentions.

Mr Kroenke already owns the NBA's Denver Nuggets basketball side and the Colorado Rapids MLS football team.

He paid £212,500 for the 25 shares.

Arsenal's second-biggest shareholder is Russian tycoon Alisher Usmanov, who owns about 26% of the club's shares.



Print Sponsor


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific