Kroenke increases Arsenal stake
on 12/05/2009 10:58:46
Stan Kroenke has purchased a further small amount of Arsenal shares, with the American billionaire's total holding remaining at 28.3% of the Barclays Premier League club.
Kroenke, who last year accepted an invitation to join the club's board, acquired two more ordinary shares on 30 April, at a price of £6,750 each, a statement released this morning on the PLUS market said.
The Kroenke Enterprise Group are the largest shareholder in Arsenal, ahead of Uzbek tycoon Alisher Usmanov, after a recent £42.5million purchase of stock from director Danny Fiszman and then increasing their stake with another 4,839 shares from members of the Carr family, also at the end of April.
Under financial regulations, were any single shareholder to reach a 30% threshold, they would be obliged to make a takeover bid. However, it is understood Kroenke has no intentions of any such move.
