Kroenke joins board as Gunners announce profit

American businessman Stan Kroenke has joined the Arsenal board after accepting an invitation to become a non-executive director of the Barclays Premier League club.

American businessman Stan Kroenke has accepted an invitation to join the Arsenal board on the day the club revealed a pre-tax profit of £36.7m (€46.3m) for the year ending May 2008.

The billionaire owner of Kroenke Sports Enterprises holds 12.4% of shares in Arsenal Holdings PLC, and his prospective appointment to the board was widely interpreted as an attempt to stave off a potential takeover from Uzbek oligarch Alisher Usmanov.