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Kroenke obtains 63 percent of Arsenal (AP)

FILE - This July 8, 2010, file photo shows American businessman Stan Kroenke, of the Kroenke group, at the annual Allen & Co. Media summit in Sun Valley, Idaho. Kroenke has agreed to a full takeover of Arsenal that values the British Premier League soccer club at 731 million pounds ($1.2 billion) and should end the long-running uncertainty about its ownership.  Kroenke has agreed to increase his holding from 29.9 percent to 62.89 percent by acquiring shares from fellow directors Danny Fiszman and Nina Bracewell-Smith, Arsenal Holdings said Monday April 11 2011 in a statement.

American sports tycoon Stan Kroenke vowed Monday to turn Arsenal back into trophy winners after securing a controlling stake that clears the way for him to become the fifth U.S. owner of a Premier League club. While the Denver-based investor said he would bring "new success" to a club in the midst of a six-year title drought, he did not accompany the pledge with a commitment to spending...




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