Stan Kroenke has increased his stake in Arsenal to 28.7%, intensifying the belief that the American could launch a takeover of the club.

The American billionaire businessman has bought 80 more shares, just days after the Gunners announced record profits, edging him closer to the 29.9% mark that would trigger a formal takeover offer for the remainder of the club.

Kroenke, who is on the board, held a 12.38% stake one year ago, but has since bought shares from the Carr brothers ...

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