Stan Kroenke has purchased a further 160 shares
in Arsenal to take his total holding of the Premier League club to
28.58 per cent.
Last year, American businessman Kroenke accepted an invitation
to join the Gunners' board and he is currently the club's largest
shareholder.
News of the latest purchase sees the Kroenke Enterprise Group
edge ever closer to the 30 per cent threshold, whereby they would
be obliged to make a takeover bid.
However, it has been reported Kroenke has no intentions of any
such move, with chief executive Ivan Gazidis
recently stating Arsenal's current capital
structure is "very efficient".
This week, Arsenal's second-largest stakeholder Alisher Usmanov
saw a proposal for a rights issue of new shares to generate cash
for new signings rejected by the Gunners' board.
skysports.