LONDON (AP) - Stan Kroenke has increased his ownership stake at Arsenal, spending 1.36 million pounds ($2.21 million) raising his holding to 28.58 percent from 28.3 percent.
Kroenke owns the NBA's Denver Nuggets, the NHL's Colorado Avalanche and Major League soccer's Colorado Rapids. The 61-year-old is approaching the 30 percent threshold that triggers a mandatory offer for the remaining shares.
The next largest shareholder is Uzbekistan-born billionaire Alisher Usmanov, who owns just more than 25 percent through red and white holdings.
Three other Premier League clubs are controlled by Americans: Manchester United (Malcolm Glazer), Liverpool (Tom Hicks and George Gillett Jr.) and Aston Villa (Randy Lerner).
(Copyright 2009 By The Associated Press. All Rights Reserved.)
KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.