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Stan Kroenke increases shares in Arsenal FC sparks takeover fears

3/11/2009
British football teams have become attractive prospects to American investors in recent years and it seems as though their appeal is still very much on the rise, well, at Arsenal it is. US sports magnate Stan Kroenke has once again increased his share in the club, taking his overall stake to 29.6%. His recent purchase of 417 shares from Ernest Harrison sparked further rumours that the American investor is set to launch a formal takeover for the club.

The Arsenal Supporters Trust has immediately issued a statement announcing that it does not believe Kroenke harbours any takeover ambitions.

In other US sports news, the Philadelphia Phillies continued to cling onto their championship aspirations by beating the New York Yankees 8-6 to push the match to a sixth game. The city’s basket ball team performed better, however, as the New York Knicks outshone the New Orleans Hornets 117-111 on Monday. The win was the Knicks first of the season and gave star forward Al Harrington the chance to show why he’s one of the hottest players in the NBA at the moment. His 24 points, including 13 in the final quarter, were enough to edge out the Hornets and further boost his attacking reputation. New Orleans natives had at least some sporting success over the weekend though as the Saints tied a franchise record of 7-0, by besting NFC South opponents the Atlanta Falcons 35-27 to continue their blistering early season run.
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