Kronke Increases Stake In Arsenal

Stan Kroenke has increased his stake in Arsenal to 28.9% by purchasing 90 more shares, according to reports today.  That takes him closer to the 29.9% amount that would trigger a formal takeover offer for the remainder of the club. According to reports from The Guardian and Sky Sports News, Kroenke purchased the shares at a price of £8,500 each.

He purchased 80 shares two weeks ago and he now owns 17,957 in total, a figure which has doubled in the last year or so. The American tycoon, who also owns the NBA’s Denver Nuggets, has been gradually increasing his stake in the football club this year.

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