Kroenke buys more shares

American billionaire Stan Kroenke has upped his share in Arsenal to 28.9%.

The businessman has purchased 90 additional shares at £8,500 each to add a further 0.2% to his existing holding. If he reaches a 29.9% threshold it will trigger a formal takeover bid.

A club statement read: "Stan Kroenke has a beneficial interest in, and controls voting rights over, 17,957 ordinary shares in the company."