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Stan Kroenke Takes Controlling Share Of Arsenal FC

St. Louis Rams owner Stan Kroenke is in the news for another kind of football Monday morning—it's been reported by British news outlets that Kroenke is taking a controlling share in the Premier League soccer team Arsenal F.C., purchasing shares from Danny Fiszman and Lady Nina Bracewell-Smith that put his stake over 62%. From there he's required to bid on the remaining shares, and according to ITV Sport the bid values the club at £731 million.

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Last year Arsenal was ranked as the third most-valuable football team in the world, behind only Manchester United and Real Madrid, with a value of £768 million. Kroenke has been building shares for an eventual takeover attempt since 2007, starting with a share just under 10%. 

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Arsenal joins a long list of Kroenke-owned clubs, including the Denver Nuggets, the Colorado Avalanche, the MLS Colorado Rapids, and the Rams. For more information, check out our Colorado RapidsRams, and Arsenal blogs.

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In the meantime, no word yet on whether he plans to move Arsenal to Los Angeles after their stadium deal runs out. 

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