Tuesday, October 27, 2009

EPL: Kroenke edges closer to takeover threshold

The Denver-based sports magnate, who is now the largest individual shareholder in the Gunners, has purchase another 10 shares in Arsenal's parent holding company, at a cost of around £85,000.

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




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