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Stan Kroenke: Shares
built 159 days ago
Stan Kroenke ... knew something about sports. A high-school hoops player himself and the father of a college-basketball prospect, Kroenke already owned a share of the St. Louis NFL football team when his brother-in-law walked away from a chance to buy into Denver’s professional sports market. Kroenke’s interest peaked at just about the time Ascent was preparing again to try to sell its sports properties. The presumed buyer this time, Denver banking executive Donald Sturm, came armed with a superior bid — roughly $460 million — and seemed destined to get a deal done. Ascent, having agreed in principle to Sturm’s offer, even allowed him to approve a contract extension for Nuggets coach Dan Issel.
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Nuggets owner Stan Kroenke represented the team at the NBA Draft Lottery. The Nuggets were awarded the third overall pick in the Draft that will be held June 26. Following the Lottery Mr. Kroenke took the time to share his thoughts.
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Tellingly, Kroenke has pointedly refused to sign a 'lock-down' agreement to which other shareholder-directors have already committed themselves, ruling out any trading for a year. The agreement has nine months left to run.
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Arsenal chairman Peter Hill-Wood wrote to team shareholders Friday, saying managing director Keith Edelman already has had one meeting with Kroenke. Hill-Wood said he spoke with Kroenke recently to arrange a meeting. He did not say when it would take place.
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Hill-Wood, though, said this was not a correct reading of events, explaining that when Fiszman sold the 659 shares he had not even known that Kroenke was the buyer. The shares were bought via a US bank, JP Morgan Chase.
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