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.