Nuggets Owner Kroenke Increases Stake In Arsenal

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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.)

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