Telling the truth about SME life today

Stan Kroenke ups his stake in Arsenal Football Club

Share on facebook
Share on twitter
Share on linkedin
Share on email

Having gradually upped his stake from an initial 9.9 per cent holding in 2007, Kroenke now owns 67.01 per cent of Arsenal, up from his previous level of 66.76 per cent.

Kroenke has served as a director at the football team, which is not traded public exchange such as the FTSE or AIM rather on specialist market ISDX, since September 2008.

In April 2011 Kroenke triggered a takeover bid for Arsenal when he moved his holding beyond the set mark. His dealings have been conducted through Delaware-based Kroenke Sports Enterprises (KSE).

Other shareholders at Arsenal include Russian businessman Alisher Usmanov. A half-yearly report released on 27 February showed that, for the six months to 30 November 2014, Arsenal increased turnover from 135.9m to 148.5m and posted a profit of 11.1m up from a loss of 2.2m during the same period in 2013.

Speaking then, club chairman Chips Keswick commented: Our commitment to investment in the squad was evidenced by a record level of expenditure on players joining the club.

Crucially, this investment remains at a level which is consistent with our principle of affordability and which is financially sustainable in accordance with the applicable regulatory regimes.

Read more about Arsenal:

Alongside his interest in Arsenal, Kroenke owns NBA team Denver Nuggets, NHL team Colorado Avalanche, Major League Soccer team Colorado Rapids and NFL team St Louis Rams. His wife is Ann Walton Kroenke, the daughter of Wal-Mart co-founder Bud Walton.

Image: Shutterstock

Trending

Topic

Share on facebook
Share on twitter
Share on linkedin
Share on email

Related Stories

More From

Trending

If you enjoyed this article,
why not join our newsletter?

We promise only quality content, tailored to suit what our readers like to see!