Previous
Red Star Belgrade
Arsenal
ESPN3 5:00 PM UTC
Game Details
AC Milan
AEK Athens
7:05 PM UTC
Game Details
BATE Borisov
FC Cologne
5:00 PM UTC
Game Details
Marseille
Guimaraes
ESPN3 5:00 PM UTC
Game Details
FC Zorya Luhansk
Hertha Berlin
5:00 PM UTC
Game Details
Östersunds FK
Athletic Bilbao
5:00 PM UTC
Game Details
Vardar
Real Sociedad
5:00 PM UTC
Game Details
Villarreal
Slavia Prague
7:05 PM UTC
Game Details
TSG Hoffenheim
Istanbul Basaksehir
7:05 PM UTC
Game Details
Brazil
Mexico
8:00 AM UTC
Game Details
United States
South Korea
12:00 AM UTC Oct 20, 2017
Game Details
Next

Transfer Rater: Benteke to Chelsea

Transfers
Read
By ESPN Staff

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.