UPDATE: Stan Kroenke Ups Stake In Arsenal To 29.9%!

clipped from www.goal.comStan Kroenke has purchased more shares in Arsenal. The American entrepreneur now owns 29.9% of the club's shares, as confirmed by the Stock Exchange this morning.That takes him even closer to the 30% he requires in order to be compelled to launch a takeover bid.Reuters report that he has purchased 200 more shares at a cost of £8,500 per share.It is also reported that 100 of the new shares were bought from Arsenal chairman Peter Hill-Wood.Hill-Woodnow has a beneficial interest in, and controls voting rights over, 400Shares, a figure which represents 0.6% of the issued shares. 
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