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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