Kroenke increases stake in Arsenal

Stan Kroenke has purchased another 427 shares in Arsenal's parent holding company, at a cost of some £3.6m (€4m), as the American edges closer towards the takeover threshold.

The Denver-based sports magnate is now the largest individual shareholder in the Gunners, with a stake of some 29.6% after acquiring more stock from the estate of the British industrialist Ernest Harrison.