Tuesday, Nov. 3, 2009

Kroenke increases stake in soccer club Arsenal

LONDON (AP) - American businessman Stan Kroenke has increased his stake in Premier League club Arsenal to 29.6 percent, only .3 percent short of a mandatory takeover bid.

Kroenke, the London club's largest shareholder, bought another 427 shares at a cost of about $5.9 million. He previously held a 28.9 percent stake.

The Denver-based businessman also owns the Colorado Rapids, the Denver Nuggets and the Colorado Avalanche.

Americans own three other Premier League clubs - Manchester United, Liverpool and Aston Villa.

2009-11-03     10:11:52 GMT

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