Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Kroenke looking to increase Arsenal shareholding

Wed 3rd Nov 2010 | Clubs Ownership

Stan Kroenke, Arsenal Football Club’s majority shareholder is reportedly ready to step up his interest in the North London club. The American, who owns a 29.9% stake in the club, is understood to be on the verge of pushing his shareholding past the 30% threshold which would trigger a mandatory takeover bid.

He is likely to consider the purchase of Lady Bracewell-Smith’s 15.9% stake in the club after she put her shares on the market over six months ago. Lady Bracewell-Smith’s shares are understood to be valued at around £128m, and have been boosted by Arsenal posting outstanding financial figures for the year which included a fall in net debt of over £162m from £297m to £135m.

Blackstone, the financial services firm which has been charged with the sale of Lady Bracewell-Smith’s shares are understood to be in ‘serious’ talks with at least one interested party.  

However, Kroenke has the backing of Danny Fiszman from whom he has purchased many of his shares and is more likely to purchase more to help push through the 30% threshold.

Kroenke’s move is sure to alert Alisher Usmanov, Arsenal’s second largest shareholder with a 26% stake in the club to the possible mandatory takeover bid should Kroenke successfully increase his stake. The two have been slowly increasing their shareholdings in the club as the seek to take full control of the club seen by many in the football world as the standard bearer of financial stability and best practice.

 

 

 

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

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

Related Articles

Mike Ashley Puts Newcastle United Up For Sale

Tue 17th Oct 2017 | Clubs Ownership

Mike Ashley has formally announced his intention to sell Newcastle United. In a statement released on Monday evening, it was announced that owner Mike Ashley was looking to sell the club by Christmas...

EFL To Consider US Style Interventions At Troubled Clubs

Thu 21st Sep 2017 | Clubs Ownership

Giving the EFL unprecedented American-style powers to take over the running of clubs in crisis will be on the agenda when clubs meet today to discuss how the situation which ravaged Leyton Orient can...

Ossett Albion Takeover Brings Readymade Academy

Wed 13th Sep 2017 | Clubs Ownership

The founders and directors of Unita, a local based facilities management company, have taken the reigns at Ossett Albion in a move which sees the EVO-Stik North club inherit a ready-made football...

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...