US tycoon beefs up Gunners shareholding

ARSENAL’S link to America has been strengthened by US billionaire Stan Kroenke acquiring a 9.9% stake in the club.

His company, Kroenke Sports Enterprise (KSE), have bought the shareholding interest from ITV and could also purchase 50% of Arsenal Broadband Limited, with the combined total costing £65million (€95.4m) if completed.

Kroenke owns Major League Soccer team Colorado Rapids, who recently announced a partnership with the Gunners that will see the Premiership club send coaches across the Atlantic and promising American players to train in London.