Kroenke moves closer to owning soccer team

Though the NFL’s cross-ownership rules might keep him from acquiring controlling interest in the St. Louis Rams, Stan Kroenke faces no such restrictions in his effort to acquire controlling interest in an English soccer club.

Per the Telegraph (via SportsBusiness Daily), Kroenke quietly has amassed 28.9 percent of Arsenal, making him the largest individual shareholder.  He’s only one percent away from having sufficient equity to run the place.

Kroenke owns the NHL’s Colorado Avalance and the NBA’s Denver Nuggets.  He holds 40 percent of the Rams.

He joins Randy Lerner of the Browns and the Tampa’s Glazer family as NFL owners with a strong financial position in another type of football team.

Whether Kroenke becomes majority owner of the Rams remains to be seen.  Some have predicted that the NFL will relax rules that currently permit ownership of other U.S. major-league sports teams, as long as those teams are in the same market as the NFL team in question.

11 responses to “Kroenke moves closer to owning soccer team

  1. Randy Lerner owns an English soccer team. I don’t get the draw of such an abysmal sport. TAKE CARE OF YOUR AMERICAN FOOTBALL TEAM!

  2. And I’d probably rather listen to Bin Laden Call an NFL game than Troy Aikman. I bet Osama knows the rules at least. Aikman sure doesn’t

  3. # Aikman says: October 22, 2009 9:47 AM
    BTW, Arsenal is the team Osama Bin Laden rooted for as a youngster (yes, he’s been a youngster…)
    ————–
    not sure what this or the rest of the ignorant comments about bin laden have to do with anything? or how they are relevant to this non nfl story.

  4. what does bin laden have to do with anything?
    Arsenal is a juggernaut of a team, probably not a bad team to own if you’re going to pick an EPL team to buy. 😉
    Kroenke seems like a smart man…. if i was him i’d put more money into owning Arsenal and less towards the Rams, but that’s just me.

  5. The Rams average 1 TD a game through their first six games, while Arsenal averaged 3 goals a game through their first six.
    Just sayin’ . . .

  6. “He joins Randy Lerner of the Browns and the Tampa’s Glazer family as NFL owners with a strong financial position in another type of football team.”
    Rams, Bucs, Browns… These teams have a combined record of 1-17 for the 09 season.
    So… apparently, owning multiple sports franchises translates to winning in the NFL. Good job guys.

  7. Kroenke needs only around 650 more shares to be the majority partner with Arsenal. If he does end up purchasing these shares he will be forced to launch a complete take over of the team due to English law which would seriously hurt his chances of buying the Rams.

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