Kroenke nears Arsenal threshold

US sports and real estate entrepreneur Stan Kroenke has bought another 25 shares in Arsenal football club, taking him close to the threshold for a mandatory takeover offer. The Premier League club said in a statement to the London Stock Exchange yesterday that Kroenke bought the shares for £8,500 each on 17 December, giving him control of 18,649 ordinary shares. That gives him 29.97 per cent of the 62,219 shares in the north London club.