ITV Looks To US To Sell Arsenal Stake

ITV may finally have found a bidder for its 10 percent stakeholding in Arsenal
after Stan Kroenke, the US billionaire owner of soccer club the Denver Rapids,
was linked to a bid.

Kroenke, who would be the latest in an increasingly long line of US investors
in FA Premier League clubs, was pencilled in as a potential bidder after the
Denver Rapids announced a partnership last week with Arsenal based on sharing
marketing know-how and collaborations on training and coaching methods.

Kroenke has dismissed any financial investment in Arsenal as a stakeholder
but sources close to ITV believe that the broadcaster is keen to strike a deal.

ITV recently disposed of its 10 percent stake in Liverpool as part of the
club’s takeover by US businessmen George Gillett and Tom Hicks.

The broadcaster is keen to free up funds by similarly ridding itself of its
investment in Arsenal which is currently valued at around £31m.