American Kroenke buys stake in Arsenal

DENVER: US businessman Stan Kroenke bought a 9.99% stake in Arsenal from British television network ITV. 

Kroenke, a real estate developer who owns the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche and the Colorado Rapids of Major League Soccer, said on Thursday that he also entered into “conditional arrangements” with ITV involving the sale of ITV’s 50% share in Arsenal Broadband Limited. 

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