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.
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.