Official Share News

April 12, 2007 on 12:48 pm | In Arsenal FC | posted by Block19er |

Arsenal.com confirmed today that KSE (aka Stanley Kroenke) has purchased ITV’s 9.9% of the club.

This gives big Stan a total of 11.26% of Arsenal Holdings PLC because his other company JPMorgan Chase Bank London already owned a stake in the club. This mean KSE own 6,216 shares and JPMorgan Chase own 791 of the 62,219 shares that there are in Arsenal.

It is a continuation of the trend set in English football at the moment of Rich Foreign owners. It gives everyone a problem to know what is the right thing to do. Do you stick with the well run club we have that is stable and run by fans basically or do you go along with everyone else just to keep up with them. Mega-bucks comes in handy when you want players but what happens when Mega-bucks disapears?

It is likely a business-man like Danny Fiszman would sell his shares in Arsenal, at this rates his 24% would be worth over £100 Million. Hard to turn down!!