Arsenal takeover: timeline of Stan Kroenke's time as club shareholder

Arsenal takeover: timeline of Stan Kroenke's time as club shareholder

As Stan Kroenke launches a full takeover bid for Arsenal, Telegraph Sport looks back at the American billionaire's time as club shareholder.

Takeover: Stan Kroenke is pushing to complete a full takeover bid for Arsenal Photo: REUTERS

10:50AM BST 11 Apr 2011

April 5, 2007 - Stan Kroenke buys ITV's 9.9 per cent share in Arsenal in a deal worth £65 million. The deal includes a 50 per cent share of Arsenal Broadband Ltd.

April 18, 2007 - Vice-chairman David Dein leaves the club due to "irreconcilable differences" with the rest of the board.

April 25, 2007 - After it emerges that Kroenke has increased his holding to 12.19 per cent, Arsenal chairman Peter Hill-Wood says: "We don't need his money and don't need his sort. He knows sweet FA about our football."

August 2007 - Usbek billionaire Alisher Usmanov and business partner Farhad Moshiri pay Dein approximately £75m for his 14.65 per cent share in the club. By September, this holding is increased to 23 per cent.

October 2007 - Arsenal board move to prevent a full takeover by announcing a "lockdown agreement" on shares until April 2009, meaning board members can only sell to "permitted persons".

February 2008 - Usmanov's Red and White Holdings announces it has increased its stake to 24 per cent.

September 2008 - Kroenke is invited on to the Arsenal board and becomes a non-executive director.

December 2008 - Arsenal directors Lady Nina Bracewell-Smith and Richard Carr leave the board, after rows with Hill-Wood. Bracewell-Smith exits the board's lockdown agreement, meaning her 15.9 per cent holding becomes available.

March - July 2009 - Kroenke increases his shareholding to more than 20 per cent after buying 5,000 shares from Arsenal director Danny Fiszman. In May, Kroenke buys the shares of the Carr family, increasing his stake to 28.3 per cent, and then in July he buys 160 more shares to reach 28.58 per cent.

March 2010 - Kroenke slowly increases his stake again to reach a 29.9 per cent holding, just 10 shares short of the 29.99 per cent threshold that would force a full takeover offer.

March 2011 - Usmanov raises his holding in the club to more than 27 per cent.
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