Kroenke 10 shares from Arsenal takeover threshold

LONDON: American businessman Stan Kroenke has increased his stake in Arsenal and is now within 10 shares of the threshold that forces him to make a takeover bid.

Kroenke, who owns 29.9 percent of Arsenal, acquired seven more shares Thursday at a cost of 8,500 pounds ($12,650) each, the Premier League club said Friday in a statement to London's Plus Market stock exchange.

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