Kroenke buys stake in Arsenal

April 5, 2007
DENVER -- Colorado real estate developer Stan Kroenke bought a 9.99 percent stake in London's Arsenal soccer team from the British television network ITV.

Kroenke said Thursday that he also entered into "conditional arrangements" with ITV involving the sale of the network's 50 percent share in Arsenal Broadband. Kroenke already owns the NBA's Denver Nuggets and the NHL's Colorado Avalanche, co-owns the NFL's St. Louis Rams and operates Major League Soccer's Colorado Rapids.

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