Arsenal received notification yesterday that Stanley Kroenke now owns 12.19% of the club's shares.
There have been a number of small trades in the last week or so, with another small chunk of 50 or so shares changing hands today, driving the share price up, hitting £7,000 a share.
If the Arsenal board are as resolutely against a takeover as they say, then they need to start buying up some of these small chunks so that they have a majority share holding. Since David Dein's departure, they now own about 45% between them.
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