Arsenal director Stan Kroenke has moved nearer to the stage when he would have to make an offer for the entire stockholding of the club.
The US billionaire has bought another 427 shares in Arsenal’s holding company, at a cost of £3.6m, taking his shareholding to 29.6%. He bought the shares at £8,500 each, which values the club at about £529m.
Kroenke is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares.
The other major shareholders in Arsenal are Uzbeki tycoon Alisher Usmanov, who holds a 24% stake, Danny Fiszman, and Lady Bracewell-Smith. According to the Arsenal Supporters’ Trust roughly 13% of the club’s shares are held by small shareholders.
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