Monday, 11 April 2011

USA take over London (or just Arsenal)

Stan Kroenke, whose name rhymes with absolutely nothing and that's assuming I'm even pronouncing it right in the first place, has increased his stake in Arsenal to 62.89%.

From the BBC:
A full takeover was triggered after Kroenke Sports Enterprises acquired the stakes of Danny Fiszman (16.1%) and Lady Nina Bracewell-Smith (15.9%).
The terms of KSE's offer have been agreed, with Arsenal shares priced at £11,750 and the club's value at £731m.
Kronke first bought 9.9% of shares in Arsenal in 2007.
"We are excited about the opportunity to increase our involvement with and commitment to Arsenal," said 63-year-old Kroenke, whose company also controls basketball's Denver Nuggets, ice hockey side Colorado Avalanche, American football team the St Louis Rams, and Major League Soccer outfit the Colorado Rapids.
Stan is worth about 1.7 billion apparently, which is quite a lot, and considering he will never have to buy any players for Arsenal while Wenger is in charge he has quite a nice little nest egg there.  Arsenal are one of the only self sufficient clubs in the world, regularly finish 2nd in most competitions and yet Wenger still gets hassle for looking like a Japanese owl.  When asked for a comment Wenger simply said 'I didn't see the incident' before running to Cesc Fabregas' house to stop Barcelona from stealing him again.