American billionaire Stan Kroenke has increased his share in Arsenal to 28.9%.
Link copiedBookmark
Stan Kroenke [PA]
The businessman, who joined the club's board in September last year, has purchased 90 additional shares at £8,500 each to add a further 0.2% to his existing holding.
A club statement read: "Stan Kroenke has a beneficial interest in, and controls voting rights over, 17,957 ordinary shares in the Company - representing 28.9% of the company's issued ordinary shares."
The Denver Nuggets basketball team owner is the Gunners' largest shareholder, with Uzbek businessman Alisher Usmanov also holding a share of more than 25%.
If Kroenke reaches a 29.9% threshold it will trigger a formal takeover bid.
Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
