Premier League - Kroenke close to Arsenal deal

Reuters - Thu, 05 Nov 09:45:00 2009

American sports mogul Stan Kroenke has raised his stake in Arsenal to 29.9 per cent, the threshold beyond which he will have to make an offer for the remaining shares.

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Kroenke, the club's largest shareholder, bought another 200 shares in the Premier League club at a price of £8,500 per share, Arsenal Holdings PLC said in a statement to the London Stock Exchange.

Arsenal said 100 of those shares were sold by chairman Peter Hill-Wood.

Kroenke had raised his stake to 29.6 percent on Tuesday.

Arsenal, currently third in the Premier League, have been the subject of takeover speculation since Kroenke and Russian billionaire Alisher Usmanov began building stakes in the club.

Usmanov owns around 25 percent of the club's shares.

Reuters

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  1. just a thought, if the shareholders were to reject the­ income received from dividends on their shares, how­ much would that ring in to pay off the building debt ?­ That would surely speed up the debt payment, and­ therefore make the club a truely profitable­ organisation. From there on, the world is at your feet.­ Gunner for everlasting life.

    From timity, on Thu 5 Nov 8:07PM
  2. arsene wenger doesnt spend the money he is supposed to­ have because he doesnt actually have it they just­ rather say that than admit we dont actually have any­ spare money to buy players, without selling other ones.­ I do have faith in arsene wenger but he can only do so­ much with what he hasand i dont like to say it but i­ dont thonk that he has qiute enough at the mo o win the­ things we should and could be.

    From hannah418, on Thu 5 Nov 3:48PM
  3. WHY ARE ALL THE YANKS GETIN @#$%S FOR ENGLISH CLUBS

    From FRESNO BOB, on Thu 5 Nov 2:51PM
  4. What the problem with a take over we need this more­ then ever we can't afford to lose players when­ there peaking we lost ashly cole over 5Grand at the­ time he was the best wing back in the world. Look ­ barcelona in the past have rob us blind because of the­ power of money . We have a strong team what needs a­ goalkeeper center half plus man utds 12 man the ref­ then will have to increase the emirates coz there­ won't be no space on the wall of fame

    From darrenharewood, on Thu 5 Nov 2:35PM
  5. arsenal f.c have always been run in an efficient­ manner, they have never gone above their means in terms­ of running a business. indeed even the stadium project­ was handled in a superb manner, in that they found a­ sponsor willing to pay one hundred million pounds­ sterling for the naming rights of the stadium. they­ took out a mortgage to finance it, which is being payed­ back through the operating profits of the club, with­ money put aside for possible future purchases of new­ players. i think that arsenal are one of the only clubs­ in the whole of europe to be making money from the­ sales of players, and player purchasing. arsene wenger­ is a superb manager, he will only spend if he needs to­ and he allways seems to pull off some brilliant­ transfers in terms of quality and value for money. i­ can't imagine the marinhos the furgusons benitez or­ any other manager anywhere in europe acheiving what he­ has with the cash he has spent, personally i would­ rather win trophies this way, rather than spend spend­ spend for instant success, wheres the satisfaction in­ that? so if mr american takes power of this great­ football club, take a step back and leave the running­ of the club to the experts, and you won't go far­ wrong.!! chelsea man utd liverpool take a look at how­ the arsenal do it and learn that buying succsess earns­ very little self satisfaction or respect. gunner for­ life. fromm big abbo.

    From Phillip, on Thu 5 Nov 1:42PM
  6. Hannah418 (comment 17) - I don't think it matters­ how much money Wenger is given to spend, he chooses not­ to spend the money. So the only way that Kroenke is­ going to spend hundreds of millions on players is if he­ sacks Wenger and employs a manager who just buys top­ players without a concern of how they will fit together­ as a team. No, in my opinion, Kroenke buying out the­ remaining shares and throwing multi-millions at the­ club will not be a good thing. Have faith in Arsene­ Wenger and he will bring us back to those glory days of­ before!

    From PAUL, on Thu 5 Nov 1:40PM
  7. Comment hidden due to its low rating. Show

    M H, I think sometimes he hides behind the financial­ constraints. He is scared to spend coz he often messes­ up the big deals but gets lauded when one of his (many)­ stolen youth players makes it. How many youthies do­ arsenal relesae each year? He best signing in ages­ (arshavin) only happened because he flew to london­ himself in desperation to complete the deal!

    From d.papas, on Thu 5 Nov 1:37PM
  8. If any of you ever bothered to read about Arsene Wenger­ you would know that first and foremost he has a degree­ in econonmics and he has made it abundantly clear that­ he does not want to run a successful club (ie makes a­ profit) into one that's over burdened with debt­ like others in the premiership. He will not­ 'buy' a football team - the galacticos system­ does not work. Too many stars, too many inflated egos.

    From M H, on Thu 5 Nov 1:10PM
  9. mike.... knuckle dragging northern inbred...

    From N5nipper, on Thu 5 Nov 12:58PM
  10. if it means we get to buy some more players that i­ think we need to strenghten our squad a bit and maybe­ get rid of the debt of our new stadium it must be a­ good thing. I have read he is really well off . Allt eh­ other share holders keep saying oh we have so much­ money for arsene to spend but he never spends money­ with out selling at least one big name player we cant­ carry on like that for ever will run out of players.­ Its great what he is doing with the young players and i­ think with just a little bit more experience we can win­ trophies like we all want. i say its a good thing

    From hannah418, on Thu 5 Nov 12:55PM
  11. The guy must be aware of the ill feeling of other­ american owners of EPL clubs. Would it not be a good­ idea of his "management team" to come out and­ say exactly what the intentions are ? Either that or an­ English (newspaper/TV) reporter to ask all the awkward­ questions we want to hear the answer to. Please Stan,­ make it known you want to improve the club beyond its­ current and long term plans.

    From timity, on Thu 5 Nov 12:42PM
  12. You mean stay owned by people who were never prepared­ to advance the club by actually putting money into it -­ you forget all those people selling shares had owned­ them for years and years and had either inherited them­ or bought them for nothing and who were taking hundreds­ of thousands of pounds every year in dividends. Shut­ up you know nothing!!!!!!!!!!!!!!!!!!!!

    From M H, on Thu 5 Nov 12:34PM
  13. Comment hidden due to its low rating. Show

    POTLESS SOUTHERN @#$%...

    From mike, on Thu 5 Nov 12:33PM
  14. No 11. Pathetic comment, how about not being owned by­ any of these money grabbing gits?

    From Iain, on Thu 5 Nov 12:21PM
  15. Will now become an armchair supporter as i refuse to­ give any of my hard earned cash to a bl..dy YANK.

    From Iain, on Thu 5 Nov 12:18PM
  16. Alex Kroernke used wonga to buy the shares - he's­ got plenty of it. Relax or would you rather have­ Usmanov own us?

    From M H, on Thu 5 Nov 12:06PM
  17. I am NOT happy !!!
    Its the end of an Era and i dont­ know what to make of they guy we know nothing has he­ bought the shares with cash loans stock options what
    He­ has after all said nothing about anything will he­ invest does he like things the way they are almost­ winning everything but falling a little short but only­ with Stadiam debt not mamoth debt brought by other­ YANKEE owners ie LIVERFOOL the hicks &gillett pair­ and SCUMCHESTER the Glazier debt ridden family

    From Alex F, on Thu 5 Nov 11:32AM
  18. Shame we have fallen into the hands of another­ Foreigner, lets just hope he does better than whats­ happened at Loserpool and Scumchester Utd....only time­ will tell, one things for sure I/We are GOONERS for­ life....

    From Graham C, on Thu 5 Nov 11:09AM
  19. he the only one who want to spend big in Arsenal but­ the order board members dont want...thats why he try to­ be the no.1 share holder.

    From Fahmi, on Thu 5 Nov 10:57AM
  20. ...eyes down for a full house.

    From Paul, on Thu 5 Nov 9:52AM
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