Originally Posted by Sky Sports

Kroenke ups Arsenal stake


To view links or images in this forum your post count must be 20 or greater. You currently have 0 posts.


Stan Kroenke has increased his stake in Arsenal to just over 20 per cent after buying 5,000 ordinary shares from fellow director Danny Fiszman.

Kroenke Sports Enterprises have had strong ties with the Gunners for some time and the American tycoon has now spent £42.5million to become the second highest shareholder at the club.

Kroenke joined the Arsenal board in September after accepting an invitation to become a non-executive director.

The remainder of the Arsenal board who were subject to the 'lockdown agreement' gave their consent to the transaction, which was set at a price of £8,500 per share.

Fiszman is now left with some 10,025 shares, around 16.1% of the total capital of Arsenal's parent holding company, but he has no plans to offload any more of his stake.

Kroenke is happy with the current set-up and believes the club is heading in the right direction.

Originally Posted by BBC Sport

Kroenke raises stake in Arsenal


To view links or images in this forum your post count must be 20 or greater. You currently have 0 posts.


Arsenal director Stan Kroenke has become the largest shareholder at the club, increasing his stake to 28.3%.

The American tycoon, who joined the board last year, now has a bigger holding than Uzbekistani metals magnate Alisher Usmanov.

It takes Mr Kroenke closer to the 30% threshold that would force him to make an offer for the remaining shares.

The shares were bought from members of the Carr family, including Arsenal director Richard Carr.

Mr Kroneke's company, KSE, paid between £8,500 and £10,500 for each of the 4,839 shares - putting the value of the purchase at more than £41m.

Arsenal directors had a "lockdown" agreement in place, which meant they could not sell their shares to anyone before April 2009, other than a limited number of people, such as family members.

'Stability'

Mr Kroenke's additional investment was supported by the Arsenal Supporters' Trust, who said they had "established a good dialogue" with the American.

"Our position is that stability and plurality in ownership is to the benefit of Arsenal," a Trust spokesman said.

"New chief executive Ivan Gazidis has made a good impression and says he values our role and the importance of custodianship.

"We hope he will build relationships with all shareholders so that the club has stability off the pitch which is a vital ingredient for success on it."

Mr Usmanov, a billionaire, owns more than 25% of the club through investment vehicle Red and White Holdings.

Lady Nina Bracewell-Smith left the Arsenal board in December and could be willing to listen to offers for her 15.9% holding.