American sports entrepreneur Stanley Kroenke is just 17 share purchases away from having to launch a formal takeover of Arsenal football club, after the majority shareholder acquired a further 25 shares this afternoon for a total price of £212,500. Including the recent purchase, Kroenke now has control over 18,649 shares, or 29.9 per cent of the company’s overall holding. The 62-year-old has a vast experience in owning a variety of sports franchises in his native America, including the Denver Nuggets (basketball), Colorado Rapids (soccer), and the Colorado Avalanche (ice hockey).

Read More :
Stan Kroenke Purchases 25 Arsenal Shares, Closes In On Formal Takeover Obligation

Related posts:

1. Stan Kroenke Edges Closer To Arsenal Takeover - Report
2. Kroenke ups Arsenal stake, closes in on takeover
3. Kroenke close to takeover
4. Kroenke raises Arsenal stake
5. Kroenke silent on takeover talk