 Mr Kroenke also owns a number of US sports clubs
|
Arsenal director Stan Kroenke has moved nearer to the stage when he would have to make an offer for the entire stockholding of the club.
The US billionaire has bought another 427 shares in Arsenal's holding company, at a cost of £3.6m ($5.86m), taking his shareholding to 29.6%.
He bought the shares at £8,500 each, which values the club at about £529m.
He is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares.
Mr Kroenke, dubbed "Silent Stan", is the club's largest shareholder.
At Arsenal's annual general meeting at the Emirates Stadium on 22 October, he was asked what his intentions were for the North London club.
But he chose not to speak to the gathered shareholders, with chairman Peter Hill-Wood intervening.
Mr Kroenke, who owns the NBA's Denver Nuggets, has been gradually increasing his stake in Arsenal this year through a number of different share purchases.
As well as Mr Kroenke, the other major shareholders are Uzbeki tycoon Alisher Usmanov, who holds a 24% stake, Danny Fiszman, and Lady Bracewell-Smith.
According to the Arsenal Supporters' Trust roughly 13% of the club's shares are held by small shareholders.
- purchase isotretinoin
- cheap propecia - order generic propecia online
- prescription meds without a prescription
No comments:
Post a Comment