US businessman Stan Kroenke has confirmed he has increased his stake in Arsenal to 62.89% and will now make a mandatory offer to acquire the remaining shares in the Premier League club.
Alisher Usmanov, one of Arsenal's largest shareholders, has refused to rule out the possibility of launching a takeover for the club amid rumours he has increased his stake.
Stan Kroenke's right-hand man has defended the American tycoon's low public profile, insisting the nickname 'Silent Stan' is "very unfair".
American businessman Stan Kroenke has increased his stake in Arsenal again, which means he is edging closer to a full takeover of the club.
Stan Kroenke has increased his stake in Arsenal to 28.7%, intensifying the belief that the American could launch a takeover of the club.
American tycoon Stan Kroenke has increased his stake in Arsenal to just over 20% at a cost of some GBP;42.5million after buying 5,000 ordinary shares from fellow director Danny Fiszman.
Red and White Holdings - an Alisher Usmanov-owned company chaired by David Dein - has increased its share in Arsenal to over 25%.
Arsenal shareholder Stan Kroenke is keen to stand side-by-side with the current Gunners board but has not ruled out one day owning the club outright.