Stan promises a silver lining

AMERICAN businessman Stan Kroenke has vowed to bring silverware back to Arsenal’s trophy cabinet after securing a 62.89% controlling share in the club.

Kroenke Sports Enterprises (KSE) cleared the way for a full takeover after agreeing to buy out major shareholders Danny Fiszman (16.1%) and Nina Bracewell-Smith (15.9%) for around £234 million (€265m).

By passing the 30% threshold, Kroenke is obliged to make a cash offer for the remaining capital at £11,750 (€13,314) per share.