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STAN KROENKE still owes Arsenal board members £50m despite edging closer to taking full control of the club. The American billionaire last week moved a step nearer to owning 29.9% of the London club, which would force him to make a formal takeover bid. However, he has paid for only half his shares since making a £100m commitment to increase his stake from 12.38% to 28.3% last December.

Insiders are concerned that it could take him years to pay off the remainder. Kroenke owes Danny Fiszman, Arsenal’s most influential director, nearly £40m and has not fully paid off Richard Carr, a longstanding member of the football club board whose 4.38% holding was sold to the American for nearly £25m 10 months ago.

“Unlike Alisher Usmanov [the Moscow-based billionaire who owns 25% of Arsenal], Kroenke doesn’t have £500m sitting in a bank doing nothing. It could be many months or years before he has paid off all the money,” said a source close to the board.

if he doesn't have enough capital that is not tied up to buy £50m of shares how will he get the rest? :unsure:

he is supposed to be wealthier than usmanov (£2b to £1.3b) though, guess this must be tied up in assets?

must be the value of his other sporting interests etc.

Kroenke needs to sell Colorado Rapids pretty quickly

Bring on the Kuwaiti/Qatari/Emirates royal family :scarf:

What's 50 million between friends eh, it's not like he owes huge amounts or anything?

I've got some spare shrapnel lying around, I'll take em off his hands for that if he likes. He'll have to throw in a few free shopping trips to his shopping mart as well though otherwise it won't be worth it for me.