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Kroenke further increases Arsenal stake
By Pete Hayman
US businessman Stan Kroenke is on the verge of triggering a formal takeover bid for Arsenal Football Club (AFC) after upping his stake in the Premier League club to 29.6 per cent.
Kroenke has acquired an additional 427 ordinary shares at a cost of £3.6m, which leaves him just 0.3 per cent short of the 29.9 per cent threshold at which he must make an offer for the remaining shares.
US businessman Stan Kroenke is on the verge of triggering a formal takeover bid for Arsenal Football Club (AFC) after upping his stake in the Premier League club to 29.6 per cent.
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