Kroenke launches Arsenal takeover
11.04.2011 20:03
Arsenal are poised to become the fifth Premier League club to have an American owner after sports tycoon Stan Kroenke agreed a deal for a takeover that values the club at £731 million.
Billionaire Kroenke, who already owns close to 30 per cent of the London club, said on Monday he had offered shareholders £11,750 per share and had already secured the backing of 16.1 per cent shareholder Danny Fiszman and 15.9 per cent shareholder Nina Bracewell-Smith. He now controls 63 per cent of Arsenal and under Takeover Panel rules ...
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