US businessman and sports team owner Stan Kroenke has increased his stake in English Premier League club Arsenal to 29.6 per cent, just 0.4 per cent short of that required to force an obligatory takeover bid for the club
http://www.sportbusiness.com/news/170858/kroenke-ups-arsenal-stake?utm_source=sbinsl&utm_medium=email&utm_campaign=nov04
As a die hard supporter of the club i think Kronke is a better person to takeover the gunners than his immediatte competitor Usmanov. Unlike the American investors in a few other EPL clubs i find Kronke quite genuine.I read a couple of his interviews and you get the feeling that he is indeed trying to pave a way for the club where by he is able to balance the finance and the trophies. I think he is also got a very good working relationship with Arsene Wenger.
So all in all...good news if you support the red and white
Edit: The following statement was released by Plus Markets this morning:
On 4th November 2009, Arsenal Holdings plc (the "Company") received notification that on 4th November 2009 KSE, UK, Inc ("KSE"), a company controlled by Stan Kroenke, a Director of the Company, acquired 200 ordinary shares of £1.00 each in the Company ("Shares"), at a price of £8,500 per Share.
Following the acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over, 18,594 Shares, representing 29.9% of the issued Shares. 100 of the Shares acquired by KSE were sold by Peter Hill-Wood, the Chairman of the Company.Following the sale, Peter Hill-Wood has a beneficial interest in, and controls voting rights over, 400 Shares, representing 0.6% of the issued Shares.
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