Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Stan Kroenke increases his stake in Arsenal

Mon 29th Mar 2010 | Clubs Ownership

American businessman Stan Kroenke has increased his stake in Arsenal and is now just 10 shares away of reaching a compulsory takeover bid.

Arsenal's statement to London's Plus Market stock exchange on Friday revealed that Kroenke, who owns 29.9 percent of the club, acquired additional seven shares on Thursday at £8,500 each.

If Kroenke will obtain 30 percent he must make an offer to buy the remaining shares in Arsenal. If he fails to surpass the 50 percent mark and gain legal control of the club, he is prohibited from making another takeover bid for at least a year. He could purchase the remaining shares of the club and delete its stock exchange listing if he reaches 90 percent.

Kroenke's estimated fortune is believed be in excess of $2.5 billion. 

The club's second-largest shareholder Russian businessman Alisher Usmanov, who is not a member of Arsenal's board of directors, took his stake beyond 26 percent in December.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...

Leyton Orient purchased by business consortium headed by Nigel Travis, a life-long fan of the club

Fri 23rd Jun 2017 | Clubs Ownership

Leyton Orient Football Club has announced that it has been purchased by a business consortium Eagle Investments 2017 Limited, headed by British-born Nigel Travis, 67, the Chairman and CEO of Dunkin'...

Massimo Cellino Leaves Leeds After Takeover

Wed 24th May 2017 | Clubs Ownership

Andrea Radrizzani has completed his takeover of Leeds United after purchasing Massimo Cellino’s 50% stake in the club. Radrizzani, who purchased 50% of the club in January, has acquired the...

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...