Previous
Arsenal
Chelsea
2:00 PM UTC
Game Details
Fiorentina
Barcelona
7:00 PM UTC
Game Details
San Jose Earthquakes
Portland Timbers
ESPN2 9:00 PM UTC
Game Details
VfL Wolfsburg
Bayern Munich
(5) 1
(4) 1
FT
Game Details
Paris Saint-Germain
Lyon
2
0
FT
Game Details
New York City FC
Montreal Impact
2
3
FT
Game Details
New England Revolution
Toronto FC
3
1
FT
Game Details
Colorado Rapids
LA Galaxy
1
3
FT
Game Details
Next

Arsenal vs. Chelsea - Community Shield

Boot Room
Read
By ESPN Staff

Kroenke increases ownership stake in Gunners

Arsenal director Stan Kroenke has today increased his stake in Arsenal to 28.3 percent, the Barclays Premier League club have confirmed.

The American businessman last year accepted an invitation to join the club's board and today his company bought 4,839 shares from members of the Carr family, including Arsenal director Richard Carr.

Carr said: "It has been a wonderful ride and the family have enjoyed every minute of it. I hope there will be many more magic moments for us in the future."

A statement on the club's official website, www.arsenal.com, read: "The shares were acquired at prices of £8,500 per share and £10,500 per share.

"As a result of the acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over 17,613 ordinary shares in the company, representing 28.3 percent of the company's issued ordinary shares."

Arsenal chairman Peter Hill-Wood said: "I would like to pay tribute to the long-standing commitment that the Carr family have shown towards Arsenal.

"The club are hugely indebted to them for the role that they have played in the development and success of the club over the years.

"The board particularly wish to thank Richard Carr for his hard work, effort and integrity since joining the board in 1981 and I am pleased to say Richard will continue on as a director of the club.''

The move was equally popular with the Arsenal Supporters' Trust, who also issued a statement tonight.

It read: "We were the first shareholders at Arsenal to welcome Kroenke's initial investment. We have since established a good dialogue with him and this will continue.

"Our position is that stability and plurality in ownership is to the benefit of Arsenal.

"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.''

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.