Featured Matches
Previous
Colorado
Chivas USA
1:30 AM GMT
Game Details
Morelia
Atlas
12:30 AM GMT
Game Details
Santos
Cruz Azul
2:30 AM GMT
Game Details
Gimnasia La Plata
Argentinos Juniors
0
0
FT-Pens
Game Details
Newell's Old Boys
Talleres de Córdoba
12:15 AM GMT
Game Details
Standard Liege
Royal Charleroi SC
3
0
FT
Game Details
Queen's Park
Berwick Rangers
1
1
FT-Pens
Game Details
Grimsby Town
Mansfield Town
0
1
FT
Game Details
Morecambe
Preston North End
1
2
FT
Game Details
Tranmere Rovers
Bolton Wanderers
1
1
FT
Game Details
AFC Bournemouth
Southampton
0
1
FT
Game Details
Philadelphia Union
Crystal Palace
11:00 PM GMT
Game Details
West Ham United
Sydney FC
2:00 AM GMT
Game Details
Wellington Phoenix FC
Newcastle United
4:30 AM GMT
Game Details
Queen's Park
Berwick Rangers
1
1
FT-Pens
Game Details
Standard Liege
Royal Charleroi SC
3
0
FT
Game Details
FC Vestsjaelland
Odense BK
3
1
FT
Game Details
UCD
Derry City
Postp
Game Details
Bohemians
Cork
2
0
FT
Game Details
Shamrock
Drogheda Utd
0
1
FT
Game Details
Colorado
Chivas USA
1:30 AM GMT
Game Details
Morelia
Atlas
12:30 AM GMT
Game Details
Santos
Cruz Azul
2:30 AM GMT
Game Details
Gimnasia La Plata
Argentinos Juniors
0
0
FT-Pens
Game Details
Newell's Old Boys
Talleres de Córdoba
12:15 AM GMT
Game Details
Atlante
Altamira
12:00 AM GMT
Game Details
Mineros de Zacatecas
Necaxa
12:30 AM GMT
Game Details
Oeste
Luverdense
2
1
FT
Game Details
América RN
América Mineiro
0
0
LIVE 14'
Game Details
Boa MG
Bragantino
0
0
LIVE 0'
Game Details
Antofagasta
Audax Italiano
0
0
LIVE 27'
Game Details
Real Garcilaso
Melgar
1
1
FT
Game Details
Nacional
Deportivo Capiatá
0
3
FT
Game Details
Western New York Flash
Boston Breakers
11:30 PM GMT
Game Details
Next
 Posted by ESPN Staff
Oct 27, 2009

Kroenke edges closer to takeover threshold

Stan Kroenke has purchased another 10 shares in Arsenal's parent holding company, at a cost of some £85,000, to edge closer towards the takeover threshold.

The Denver-based sports magnate is now the largest individual shareholder in the Gunners, with a stake of some 28.9%, which includes a £765,000 purchase earlier this month.

Should Kroenke, or indeed anyone else such as second-largest shareholder Alisher Usmanov, reach a figure of 29.9%, they would, under the City's financial regulations, be obliged to launch a formal takeover bid.

However, when the matter of his intentions for the Premier League club was raised during last week's Annual General Meeting at Emirates Stadium, the American - nicknamed 'Silent Stan' - chose not to take the opportunity to address the gathered shareholders, with chairman Peter Hill-Wood intervening.

Any public statements against future bid intentions must be unambiguous, otherwise the individual or group would, under the Takeover Panel's rule 2.8, be prevented from making a formal move for six months.

The latest share dealings were confirmed to the Plus market.

"On 26th October 2009, Arsenal Holdings plc (the "Company") received notification that on 26th October 2009 Stan Kroenke, a director of the company, acquired 10 ordinary shares of £1.00 each in the company at a price of £8,500 per share," a statement read.

"Taking into account such acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over, 17,967 ordinary shares in the company, representing 28.9% of the company's issued ordinary shares."

Speaking last week, Hill-Wood insisted major changes behind the scenes were not on the agenda.

The Arsenal chairman stressed: "I don't think we are looking for a change in custodian. I think you will find the club is in pretty good hands. I believe he [Kreonke] is happy to be a long-term shareholder in our club."

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.