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Columbia billionaire Kroenke to take control of Arsenal soccer club

Sunday, April 10, 2011 | 6:03 p.m. CDT

LONDON — The Arsenal Supporters' Trust says Columbia investor Stan Kroenke is set to take control of Premier League club Arsenal.

The AST tells The Associated Press an announcement is to be made Monday that Kroenke plans to raise his holding from just under 30 percent to 62 percent, exceeding the 50 percent threshold that gives him legal control of Arsenal.

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The AST, whose members include shareholders, says Kroenke has agreed to buy the shares of Danny Fiszman and Nina Bracewell-Smith, who each have 16 percent stakes.

Kroenke could not be reached for comment. Arsenal declined to comment.

Kroenke and his family own the NFL's St. Louis Rams, NBA's Denver Nuggets, NHL's Colorado Avalanche and Major League Soccer's Colorado Rapids.


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Comments

Curt Wohleber April 11, 2011 | 10:16 a.m.

The thing about Arsenal is they always try to walk it in.

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