Arsenal investor Usmanov asks Kroenke to reveal plans

A spokesman for Russian billionaire Alisher Usmanov has called on fellow Arsenal shareholder Stan Kroenke to reveal his intentions for the club.

On Monday, US billionaire Mr Kroenke raised his stake to almost 30% - the point at which he would be forced to make an offer for the whole club.

A spokesman for Mr Usmanov's Red and White Holdings said Mr Kroenke should say if he intends to launch a takeover.

"Mr Kroenke has never taken the opportunity to reassure the fans and it would be good for the club's stability if he were to do so," the spokesman told the BBC.

Mr Kroenke bought 25 more shares in Arsenal this week for £212,500, or £8,500 a share, and is within 17 shares of the threshold that would force a takeover bid.

http://news.bbc.co.uk/2/hi/business/8427031.stm

Kroenke almost there with the Arsenal FC takeover

Arsenal director Stan Kroenke has moved to the brink of the threshold where he would have to make an offer for the entire stockholding of the club.
The US billionaire has bought another 200 shares in Arsenal's holding company, at £8,500 each, taking his shareholding to 29.9%.

Mr Kroenke bought 100 of the shares from Arsenal chairman Peter Hill-Wood.
He is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares

http://news.bbc.co.uk/2/hi/business/8343943.stm

Stan Kronke to rule Arsenal FC ?

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.