US tycoon Stan Kroenke has increased his stake in Arsenal to 28.3% to overtake Russian billionaire Alisher Usmanov for control of the football club, British media said on Saturday.
“As a result of the acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over 17,613 ordinary shares in the company, representing 28.3% of the company’s issued ordinary shares,” a statement posted on Arsenal’s official website said.
With a 25% stake in the Gunners, Uzbek-born Usmanov was previously the club’s largest shareholder.
The move has sparked speculation that the American businessman is on the verge of a acquiring a 30% stake which would lead to a forced buyout, although Kroenke, who owns a number of US sports teams, has indicated that he has no interest in a buyout. (rian.ru)