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Kroenke raises his stake in Arsenal
March 31, 2009 | 7:03 am
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By George Tanner
Colorado Rapids owner Stan Kroenke has increased his ownership stake in English Premier League club Arsenal.
According to Forbes, The New York Times, England’s Financial Times and others, Kroenke bought 5,000 shares, an 8 percent stake, for more than $60 million from Arsenal nonexecutive director Daniel D. Fiszman, according to Monday regulatory filings.
This raises Kroenke’s stake in the team to more than 20 percent.
Kroenke also owns Dick’s Sporting Goods Park, the Pepsi Center, the Colorado Avalanche, the Denver Nuggets, the Colorado Mammoth, part of the St. Louis Rams and other sports and entertainment holdings.
Too bad moneybags didn’t spend his billions on the rocky.
When is KSE going to give more money to the Rapids marketing department instead of wasting it on English football?
That is some major jack. It would be nice to see them spend a couple milli on a DP. Latest Soccer News
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Our goal at ColoradoSoccerNow.com is to cover the sport in this state like no one else, from colleges to the Colorado Rapids, from the W-League to the U.S. men's and women's national teams.
About George: George Tanner fell in love with the Tampa Bay Rowdies and the North American Soccer League while living in the Tampa, Fla., area in the mid-1970s. He got his first taste of newspapering while following the Rowdies every day in the Tampa Tribune, and from there grew the seeds of a journalism career in which he has worked at the Colorado Springs Sun; the Daily Camera in Boulder; the Durango Herald; The Daily Independent in Ridgecrest, Calif.; the Greeley Tribune; and the Rocky Mountain News.
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About Cole: Not since the days of Ace Ntsoelengoe, the Minnesota Kicks and the North American Soccer League has Cole McGinnis been so excited about soccer. Cole handles the business functions of ColoradoSoccerNow.com, and he's the man to speak with about front-office issues.
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About Jonathan: Jonathan Ingraham is a Colorado native, sports hound, outdoors enthusiast and Metropolitan State College student, working on a journalism degree. Outside of school, he works as a freelance photographer and is available for photographing places, people, events, games or artistic shoots for businesses or personal collections.
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About Tom: Tom Auclair remembers watching the New England Tea Men when he was younger and thinking what a terrible name that was for a sports team. He has worked for the Rocky Mountain News, Longmont Daily Times-Call and several newspapers in New Hampshire. He's currently working as an editor and photographer for a collection of Web sites. He can't believe how quick Omar Cummings is.
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