Kroenke increases stake in Arsenal to 20.5 percent

¹²³ · Apr 1, 2009

LONDON (AP) — Arsenal director Stan Kroenke has increased his stake in the Premier League club to 20.5 percent at a cost of $60.3 million.

The American businessman, who was appointed to the board last year, has bought a third of fellow director Daniel Fiszman's stake in the Gunners, the club said on Monday.

Kroenke previously had a 12.4 percent stake in the club.

Fiszman, whose stake in Arsenal is reduced to 16.1 percent, says he does not intend to sell any more shares.

Earlier this year, Russian billionaire Alisher Usmanov increased his stake in the club to more than 25 percent.

Kroenke also owns the NBA's Denver Nuggets, the NHL's Colorado Avalanche and the Colorado Rapids of Major League Soccer.
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Colonel Ronan · Apr 16, 2009

The Arsenal board support him so I do too.

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