Kroenke edges closer to Arsenal takeover

American businessman Stan Kroenke has moved a step closer to a buy-out of Arsenal.The Gunners announced that Kroenke has spent £765,000 buying 90 shares to increase his holding from 28.7 to 28.9 per cent.That is a fraction short of the 30 per cent threshold that would trigger a mandatory offer for the remaining shares, although Kroenke has previously said he is not interested in pursuing a full buy-out.The 62 year old first acquired shares in the London giants when buying a 9.9% stake in April 2007 and has gradually increased his holding, joining the club's board of directors in September 2008.

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