Avs Kroenke taking over PL Arsenal

LadyStanley

Registered User
Sep 22, 2004
105,742
18,871
Sin City
http://www.tsn.ca/soccer/story/?id=361722

American investor Stan Kroenke is set to take control of Premier League club Arsenal and end the long-running uncertainty about the ownership, according to a supporters group.

The Arsenal Supporters' Trust told The Associated Press on Sunday that Kroenke plans to raise his holding from just under 30 per cent to 62 per cent, exceeding the 50 per cent threshold that gives him legal control.
...
By taking his holding beyond 50 per cent, Kroenke would be obliged to make a formal offer for the remainder of the shares at around 11,500 pounds ($19,000) each. If he reaches 90 per cent, he can compulsorily purchase the remaining shares.

So is that putting the Avs (and Nuggets) in (more) financial straits?
 

sh724

Registered User
Jun 2, 2009
2,823
603
Missouri
Didn't he give the Avs and Nuggets to his son so he could buy the Rams. Im sure the son has a very nice trust fund to support the Avs and Nuggets. The fathers activities dont have much impact on the son's wallet.
 

Jumptheshark

Rebooting myself
Oct 12, 2003
99,859
13,840
Somewhere on Uranus
Well, owning an EPL team worked wonders for Tom Hicks, so this should be good.

Good luck, Kroenke!

the gunners are in the black

hicks and co where deeply in the red from the word go

also--Hick and co made a mint on the team--the claim heavy loses---but some bookers pointed out that they took a lot of money out of the team to pay other loses.

One of the financial papers over here in the UK had a ten page article 2 years ago about how hicks and co did their books and while they did nothing wrong--they did place loses incured from other businesses under the Liverpool name and that was part of the problem
 

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