American Kroenke Edges Closer To Arsenal Takeover

American businessman Stan Kroenke is increasing his stake in Premier League club Arsenal, edging closer to a full takeover.The Gunners announced Thursday that Kroenke has spent $1.2 million buying 90 shares to increase his holding from 28.7 to 28.9 percent.That's just short of the 30 percent threshold that would trigger a mandatory offer for the remaining shares.The 62-year-old Kroenke, who also owns Major League Soccer's Colorado Rapids, has been praised as a "model owner" by Arsenal chief executive Ivan Gazidis.

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News