Showing posts with label shareholders. Show all posts
Showing posts with label shareholders. Show all posts

Wednesday, May 13, 2009

Quick Throw: The Battle for Arsenal is heating up

In a very quiet move, the American Stan Kroenke has purchased a few more shares in Arsenal to push his total ownership to 28.3%, significantly ahead of the tubby Uzbek Alisher Usmanov.

Under financial rules, once any shareholder reaches a 30% threshold, they are obliged to launch a takeover bid. You get the impression Usmanov will be trying to maneuver soon.

Still, one thing's for certain; it doesn't matter who owns the club, as they'll be unsuccessful in motivating Arsene Wenger to spend money.

[Guardian Sport]

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