The American billionaire Stanley Kroenke has upset his stalemate with Russian oligarch Alisher Usmanov over the ownership of Arsenal FC and taken a controlling stake in the Premier League soccer club. His investment vehicle Kroenke Sports Enterprises announced this morning that it was paying £11,750 a share to increase his stake to 62.9% from 29.9%, buying out key shareholders Nina Bracewell-Smith and Danny Fiszman. The offer values the share capital of Arsenal at approximately £731 million (R7.9 Billion).
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