Friday, April 06, 2007

Kroenke buys stake in Arsenal


American billionare, Stan Kroenke (above) has purchased a 9.9% stake in our beloved team, Arsenal Football Club. His company, Kroenke Sports Enterprise (KSE), have bought the shareholding interest from ITV and could also purchase 50% of Arsenal Broadband Limited, with the combined total costing £65million if completed.
Kroenke is the owner of MLS side, Colorado Rapids, who recently announced a techinal partnership with The Gunners. But the American's investment could potentially to lead to a takeover of the club. If so, Arsenal will be the fourth Premiership team owned by the USA (Liverpool, Manchester United and Aston Villa are the others). However, this is unlikely due to the current board's love for the club. Vice-chairman, David Dein and director, Danny Fiszman have stated that they have no intention of selling their stakes in Arsenal.
Kroenke also owns other Sports teams in the States, Ice Hockey side, Colorado Avelance and Basketball team, Denver Nuggets. He also is the co-owner of the St Louis Rams. If a takeover does occur, it could possibly be a good thing, as he has a passion for sport and Arsenal, due to the partnership with Colorado Rapids. I personally hope it doesn't take place as we are the only 'big 4' side with English owners.

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