A battle for the takeover of Arsenal edged closer after American sports franchise owner Stan Kroenke acquired seven more shares at a cost of £8,500 each. That may not sound a lot but it puts him ten short of the point at which he would be obliged to launch a takeover bid. Kroenke has been hanging fire recently because until the end of this month he would be obliged to acquire any additional shares at the highest price he has paid in the last year, pushing up the cost of a bid.
A battle for the takeover of Arsenal edged closer after American sports franchise owner Stan Kroenke acquired seven more shares at a cost of £8,500 each. That may not sound a lot but it puts him ten short of the point at which he would be obliged to launch a takeover bid. Kroenke has been hanging fire recently because until the end of this month he would be obliged to acquire any additional shares at the highest price he has paid in the last year, pushing up the cost of a bid.
We may well be about to enter the end game, although he may wait until the Premiership title is settled, as the club could do without the off pitch distraction of a takeover battle.