Getting your player ready...
Stan Kroenke, owner of the Nuggets, Avalanche and Rapids, continued a power-grab at English Premier League soccer club Arsenal, buying a second batch of shares this week and edging closer to the threshold that forces him to make a takeover bid.
The team said Thursday that Kroenke acquired 20 more shares at a cost of $281,280.
The Denver-based businessman took his stake in Arsenal to 29.9 percent on Monday by purchasing 10 shares. If he reaches 30 percent, he has to make a takeover bid.
Kroenke needs to buy 42 more shares to take his holding to 30 percent.
Alisher Usmanov is the club’s second-largest shareholder with a 25-percent stake, but the Russian businessman has not been invited to join the board of directors.
