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| Kroenke's Arsenal stake now 29.6% | Kroenke's Arsenal stake now 29.6% |
| (21 minutes later) | |
| Arsenal director Stan Kroenke has moved nearer to the stage when he would have to make an offer for the entire stockholding of the club. | Arsenal director Stan Kroenke has moved nearer to the stage when he would have to make an offer for the entire stockholding of the club. |
| The US billionaire has bought another 427 shares in Arsenal's holding company, at a cost of £3.6m ($5.86m), taking his shareholding to 29.6%. | The US billionaire has bought another 427 shares in Arsenal's holding company, at a cost of £3.6m ($5.86m), taking his shareholding to 29.6%. |
| He bought the shares at £8,500 each, which values the club at about £529m. | He bought the shares at £8,500 each, which values the club at about £529m. |
| He is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares. | He is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares. |
| Mr Kroenke, dubbed "Silent Stan", is the club's largest shareholder. | Mr Kroenke, dubbed "Silent Stan", is the club's largest shareholder. |
| At Arsenal's annual general meeting at the Emirates Stadium on 22 October, he was asked what his intentions were for the North London club. | At Arsenal's annual general meeting at the Emirates Stadium on 22 October, he was asked what his intentions were for the North London club. |
| But he chose not to speak to the gathered shareholders, with chairman Peter Hill-Wood intervening. | But he chose not to speak to the gathered shareholders, with chairman Peter Hill-Wood intervening. |
| Mr Kroenke, who owns the NBA's Denver Nuggets and Colorado Rapids MLS football team, has been gradually increasing his stake in Arsenal this year through a number of different share purchases. | Mr Kroenke, who owns the NBA's Denver Nuggets and Colorado Rapids MLS football team, has been gradually increasing his stake in Arsenal this year through a number of different share purchases. |
| As well as Mr Kroenke, the other major shareholders are Uzbeki tycoon Alisher Usmanov, who holds a stake of about 25%, Danny Fiszman, and Lady Bracewell-Smith. | |
| According to the Arsenal Supporters' Trust roughly 13% of the club's shares are held by small shareholders. | According to the Arsenal Supporters' Trust roughly 13% of the club's shares are held by small shareholders. |
| After Mr Kroenke's latest share purchase was announced, the fans' group said: "While the AST welcome Stan Kroenke's involvement, we agree with the sentiment of Peter Hill-Wood's statement at the most recent AGM that there is no need for any shareholder to launch a takeover of the club." | After Mr Kroenke's latest share purchase was announced, the fans' group said: "While the AST welcome Stan Kroenke's involvement, we agree with the sentiment of Peter Hill-Wood's statement at the most recent AGM that there is no need for any shareholder to launch a takeover of the club." |
| It added: "The AST believes in plurality of ownership." | It added: "The AST believes in plurality of ownership." |