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Arsenal set for takeover

Arsenal could soon be under the control of billionaire and current shareholder Stan Kroenke.

11 April 2011

A shareholder at Arsenal Football Club is looking to secure full control of the business.

Stan Kroenke had already owned almost a third of the Premier League side, but recently purchased the 16.1 per cent share owned by Danny Fiszman, as well as Lady Nina Bracewell-Smith's 15.9 per cent stake in the club.

He is now understood to be looking to acquire the remaining shares in the club.

The move has already been backed by Arsenal manager Arsene Wenger, who said he believes he has the club's best interests at heart.

"He understands the club's heritage and traditions and our ambition to run the club in a way which protects our long-term future," he commented.

A takeover deal would make Arsenal the latest Premier League side to fall under foreign ownership, along with the likes of Manchester United, Chelsea, Manchester City and Fulham.

Manager Arsene Wenger has achieved the Premier League and FA Cup double with the club twice during his tenure.

However, Arsenal recently missed out on the chance to win their first trophy since 2005 when they lost the Carling Cup Final against Birmingham.
 

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