Football
PA Sport 8y

Stan Kroenke increases Arsenal stake to 67.05 percent

American businessman Stan Kroenke has increased his majority shareholding in Arsenal.

KSE (Kroenke Sports Enterprise) UK Inc, wholly owned by Kroenke, has acquired 23 ordinary shares for £368,000, to take his shareholding to 67.05 percent (41,721 shares), it was announced under corporate disclosure on Thursday.

Kroenke, who also owns the NFL's Los Angeles Rams, has been Arsenal's majority shareholder since 2011.

Gunners boss Arsene Wenger, whose 20th anniversary as boss is approaching in October, has a year remaining on his current contract and will be expected to invest in his team for a sustained title challenge next season.

On Wednesday, Arsenal signed Switzerland midfielder Granit Xhaka from Borussia Monchengladbach.

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