Kroenke closes in on Arsenal takeover mark

AFP - November 04, 2009

LONDON (AFP) - United States businessman Stan Kroenke moved closer towards being obliged to launch a takeover bid for Arsenal after purchasing 427 more shares in the English Premier League club.

It was announced on Tuesday that Kroenke, having spent some 3.6 million pounds (5.8 million dollars), had upped his stake in Arsenal to 29.6 percent, fractionally short of the 29.9 percent mark that...Read more

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