One of the more powerful men in the American Sports Landscape with ownership shares in the St. Louis Rams, Colorado Avalanche, Denver Nuggets, Colorado Crush, Colorado Mammoth and the Colorado Rapids, Stan Kroenke has upped his shares in English Premiership side Arsenal after purchasing 5,000 shares at 8,500 Pound per share from fellow Director Danny Fiszman.

Via DailyMail 

Fiszman is now left with some 10,025 shares, around 16.1 per cent of the total capital of Arsenal’s parent holding company. The diamond dealer, however, maintains he has no intentions of off-loading any more of his stake in the Gunners.

‘I am pleased that Stan Kroenke has made a further substantial commitment to the club by acquiring approximately a third of my holding,’ Fiszman said.

‘Stan’s long-term commitment to sport in general and football in particular has been well documented.

‘I am therefore delighted that he has shown this desire to deepen his ties with Arsenal.’

“After having been invited to join the board last year I am delighted to be able to increase my shareholding in Arsenal,”he said.

‘I will continue to work closely with my board colleagues to maintain the stable environment in which the club operates and to preserve the self-sustaining business model enjoyed by the club.’

Arsenal chairman Peter Hill-Wood added: ‘Stan Kroenke has proved to be a valuable member of the board and I am pleased that he has demonstrated further commitment to the club by adding to his shareholding.

Image via BugeHoobs