Arsenals Foreign Owners Battle For Control
Posted by Neil Payne on July 10th, 2009American businessman Stan Kroenke, Arsenal’s largest shareholder, has increased his stake in the Premier League club.
The Stock Exchange has confirmed that Kroenke has acquired a further 160 shares in Arsenal taking his total holding to 28.58 per cent. The American will be obliged, under Stock Exchange rules, to make formal takeover bid should he secure a 30 per cent stake in the club.
Emirates Stadium
The Stock Exchange has confirmed that Kroenke has acquired a further 160 shares in Arsenal taking his total holding to 28.58 per cent. The American will be obliged, under Stock Exchange rules, to make formal takeover bid should he secure a 30 per cent stake in the club.
On 9th July 2009, Arsenal Holdings plc (the ‘Company’) received notification that on 9th July 2009 Stan Kroenke, a director of the Company, acquired 160 ordinary shares of £1.00 each in the Company at a price of £8,500 per share,” a statement read.
Read More> The Times Online
Entries (RSS)