Arsenal’s majority owner Stan Kroenke has increased his stake in the club to 67.02% after paying £30,000 for two more shares – four years after completing his takeover – according to Rob Harris from the Associated Press.
Stan Kroenke has spent £30,000 on 2 more Arsenal shares taking his stake to 67.02% (from 67.01%)
— Rob Harris (@RobHarris) April 27, 2015
Kroenke has been involved with the club since 2007 when he was invited onto the board whilst steadily increasing his financial stake in the club. The death of Danny Fiszman initiated a change, with the late director having to choose between Kroenke and our second billionaire shareholder Alisher Usmanov.
Fiszman had already secured an agreement with Kroenke during his final days (via The Telegraph), prompting an external takeover for the first time in our club’s illustrious history.
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However, due to his absence and silence, many fans have become slightly irate at the American’s involvement with the club and as Usmanov continues to lurk in the horizon with his 30% stake (via the Mirror), fan groups have called for the Russian to be invited onto the board (via The Evening Standard).
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Kroenke’s latest increase is hardly significant, but given that £3m of the club’s finances went to his group KSE due to ‘advisory services’ (via The Guardian) at the end of last season, there remains a distrust between the two parties. Our last 3% ticket price increase was said to total that amount and has led to the animosity many feel towards the Colorado Rapids owner.