Arsenal set for American takeover?

American billionaire Stan Kroenke has purchased shares worth £42.5m from the directory Danny Fiszman, the Arsenal Supporters Trust(AST) has welcomed the investment.

Stan Kroenke is the club's largest single stakeholder with 28.3percent of the shares. In the recent buy, he procured 4,839 shares including those of Arsenal director Richard Carr.

The Kroenke Sports Enterprise group would be able to launch a formal takeover if they reach the 30percent shares threshold.

The AST confirmed that their primary interest is to do good for Arsenal Football Club rather than making money.