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Arsenal majority shareholder Stan Kroenke increases stake in club

Arsenal's majority shareholder Stan Kroenke has bought up another 22 shares in the club, increasing his overall stake to 67.09 percent.

A statement from the London Stock Exchange showed Kroenke paid £28,000 per share and now controls 41,743 shares in total.

That share price values his own 67 percent stake at nearly £1.17 billion, and the club as a whole at around £1.7bn.

Kroenke last year turned down a bid from minority owner Alisher Usmanov -- who controls a 30 percent stake -- that valued the club at around £2bn.

Kroenke then reportedly tried unsuccessfully to buy up the shares of Usmanov, who issued a statement in October saying he was not involved in any discussions with the American.

Most of the remaining three percent of Arsenal shares are held by private individuals and life-long fans.

Mattias is ESPN FC's Arsenal correspondent. Follow him on Twitter: @MattiasKaren.

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