Arsenal majority owner Stan Kroenke has issued a further sign of his long term commitment to the Emirates Stadium outfit by further investing £199,000 into the north London club.
The American bought 13 more shares – eight at £15,500 and five at £15,000.
He now holds a stake of 41,596 shares in the Gunners – or 66.85% of the total – through his company Kroenke Sports Enterprises.
In truth, this changes little for Arsenal.
KSE were already the majority shareholders at the club, and increasing their total does little for them.
There are currently only really three set of active buyers of shares in Arsenal, with KSE joined by Alisher Usmanov and David Dein’s Red and White Holdings as well as the Fanshare scheme.
While Kroenke’s move may be to prevent Red and White Holdings boosting their own figure, it is unfortunate for the Fanshare scheme that they are being priced out of a market that perhaps ought to make space for them.