The Quiet American set to be Top Gun
Kroenke already owns 29.9% of the club and even buying a further 0.09% of shares would mean he has to bid for the club.
The Arsenal Supporters’ Trust (AST) gave the news a cautious welcome.
An announcement is expected as early as today and if he does acquire the additional holding, taking him over the 30% mark, Kroenke will be obliged to offer the market rate for the remaining shares — or around £11,500 per share.
An AST statement last night said: “AST thinks it is really important supporters remain involved in Arsenal’s ownership structure. Stan Kroenke has a good relationship with the AST and recently supported our fanshare scheme. We are hopeful of having discussions with him to discuss how our members and Arsenal supporters can keep their shares in Arsenal.”
Known as ‘Silent Stan’, sports mogul Kroenke made his fortune in real estate, then branched into sport, to build up an extensive portfolio under his Kroenke Sports Enterprises venture. This includes the NBA’s Denver Nuggets, hockey’s Colorado Avalanche, Major League Soccer’s Colorado Rapids and American Football’s St Louis Rams.
CONNECT WITH US TODAY
Be the first to know the latest news and updates
