He already owned 29.9% shares

Stan Kroenke owns the NBA's Denver Nuggets and Colorado Rapids MLS team.The latest 200 shares that he bought; 100 shares from Arsenal Chairman, Peter Hill-Wood, for 8,500 Pounds per share put him on a brink of the threshold mark set up by the Arsenal Board of Directors.29.99% is the number and he only needs 72 more shares that requires him to make a formal takeover bid of the club. He is now the largest shareholders of the club, with Uzbek billionaire, Alisher Usmanov, in second with 25.5%.

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