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Kroenke Increases His Share Holdings

Kroenke Increases His Share Holdings

It appears that American business tycoon, Stan Kroenke has snaffled further shares in Arsenal Football Club.

I won't pretend to know anything at all with regards to shares, the purchase of & takeovers, hostile or otherwise, but even a fat neanderthal like me can do simple mathmatics.

A couple of weeks ago Kroenke announced he had purchase 9.99% of shares from ITV. Then it was revealed the Arsenal shareholder Danny Fiszman inadvertently sold 1.27% of his shares to Kroenke via his company JP Morgan Chase Bank. Giving him a grand total of 11.26% of Arsenal's shares.

A friend of my sent me a link to the 'PlusMarketGroup' website where an article states that Kroenke has given 'Notification of major interest in shares'. It is in this article that it is revealed that Kroenke has crossed the 12% threshold taking his current ownership to 12.19%, thus meaning Stan is hoovering up all available shares suggesting it will be a question of when rather than if.

Click Here to read the document.

As I say, I know nothing on this subject, so if any member of Vital Arsenal can give a better insight into this, please get in touch.





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Writer:Rocky7
Date:Friday April 20 2007
Time: 4:39PM

Comments

0
Can anyone confirm or deny what I've written?!
Rocky7
20/04/2007 16:43:00
0
R7, you are indeed correct & infact you have missed out that he wants a representative on the board!!
Ashburton Gooner
20/04/2007 16:50:00
0
Really? I guess we should say "Welcome back David Dein"
Rocky7
20/04/2007 16:52:00
0
R7, that notification is a standard thing. Its just a reply to identify himself which the other board members had requested prior to him buying ITV's stake as he bought Fiszman's share quietly.
Ashburton Gooner
20/04/2007 16:53:00
0
No, from what I hear it may be Jeff Plush who comes onboard. He is a massive arsenal fan & has been for years but because his american no doubt people will reject that idea, despite the fact it was known about well before arsenal even announced the colorado rapids deal.
Ashburton Gooner
20/04/2007 16:55:00
0
Ok, but nevertheless it indicates the Kroenke is snaffling small amounts of shares from somewhere???
Rocky7
20/04/2007 16:56:00
0
*****eholes, to coin a graham ttaylor phrase... 'do i not like that' »»Arsene Knows««
Wingston75
20/04/2007 16:59:00
0
Yeah he is, so far 40 have been bought today. They are standing at nearly £7000 each now!! Something's happening. Maybe Dein is selling his share.
Ashburton Gooner
20/04/2007 17:00:00
0
Yeah Rocky, but is this really a surprise? Part 2 of the saga unfolds
prits
20/04/2007 17:01:00
0
In that case he has more than the 12.19% I have reported as that was announced yesterday. For some reason AG I think you may have an insider scoop on this situation ;)
Rocky7
20/04/2007 17:02:00
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