Time Added On At Arsenal
Submitted by WG on Wed, 23/12/2009 - 01:31
The battle for Arsenal Football Club has now entered time added on, although in the Premiership this can be quite a long period of time. American sports franchise owner Stan Kroenke needs to acquire only 17 more shares to trigger a mandatory takeover bid for the club. He has purchased another 25 Arsenal shares at a cost of £212,500. It takes his holding to just short of the 29.99 per cent threshold beyond which he would be forced to make an offer the remaining shares under Stock Exchange rules.
