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Last Updated: Friday, 20 April 2007, 22:01 GMT 23:01 UK
Kroenke increases Arsenal stake
Arsenal
American tycoon Stan Kroenke has increased his stake in Arsenal to just over 12%, days after his friend David Dein quit the club's board.

Previously, Kroenke Sports Enterprises held a 11.26% stake, mainly as a result of buying 9.9% of the club from ITV.

Dein's exit after 24 years on the board was blamed on "irreconcilable differences" with other directors.

Earlier chairman Peter Hill-Wood said he "would be horrified to see ownership of the club go across the Atlantic."

If Kroenke, who owns the Colorado Rapids Major League Soccer club, raises his Arsenal stake to 30% he is obliged by takeover rules to launch a formal bid for the Gunners.

Manchester United, Liverpool and Aston Villa are all under American ownership.



SEE ALSO
Wenger will see out Arsenal deal
20 Apr 07 |  Arsenal
David Dein - the fall-out
19 Apr 07 |  Arsenal
Wenger will stay, says Hill-Wood
19 Apr 07 |  Arsenal
Arsenal chairman snubs US buyer
18 Apr 07 |  Arsenal
Arsenal & MLS club agree link-up
09 Feb 07 |  Arsenal
Arsenal's Dein voted off FA board
02 Jun 06 |  Football


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