Colorado Rapids owner Stan Kroenke has upped his stake in Arsenal once again, this time taking his ownership to the 29.9% threshold. Once the American businessman hits the 30% mark, he’ll be forced to make a mandatory takeover bid.
Via Guardian
The American businessman Stan Kroenke has bought his second batch of Arsenal shares this week, edging closer to the threshold that forces him to make a takeover bid.
The Premier League club said that Kroenke acquired 20 more shares at a cost of £170,000. Kroenke took his stake in Arsenal to 29.9% on Monday by purchasing 10 shares. If he reaches 30%, he has to make a takeover bid.
The American also owns the Colorado Rapids soccer club, the Denver Nuggets basketball franchise and the Colorado Avalanche ice hockey enterprise.
That piece of crap. Its great to see that he doesnt spend any money on, or care at all about the Rapids, but is willing to throw ridiculous amounts of money at arsenal. That dude sucks, give us an owner who cares.