Arsenal became the latest English football giant to fall into foreign hands on Monday when US sports tycoon Stan Kroenke took a controlling stake in the club after a protracted ownership tussle. The deal announced by the north London club, English champions on 13 occasions, values the outfit at about £731 million (825 million euros, $1.2 billion), according to a statement issued to the London Stock Exchange.
The secretive Kroenke, finally took control by acquiring those of two of the largest private shareholders - effectively locking a rival Russian businessman out of the club.