LONDON (AP) -Arsenal manager Arsene Wenger said speculation that the club would be bought by U.S. businessman Stan Kroenke was not affecting the running of the Premier League club.
Kroenke bought a 9.99 percent stake in Arsenal on April 5, and overall has an 11.26 percent of the club's shares. This has led to media speculation that Arsenal could be the next club after Manchester United and Liverpool to be owned by Americans.
Wenger said Friday he was not concerned.
"The chairman (of Arsenal) has said two things: one is he does not really know the intentions of this guy and two is that he is determined to keep the club under control with the board he has,'' Wenger said. "That means 10 percent of shares have moved from one pocket to another, but that does not change the life inside the club nor would it affect the area where decisions are taken.''
Kroenke is a real estate developer who owns the NBA's Denver Nuggets, the NHL's Colorado Avalanche and the Colorado Rapids of Major League Soccer. He is also a co-owner of the NFL's St. Louis Rams.
His Kroenke Sports Enterprises announced in February it had formed a marketing alliance with Arsenal to exchange business, commercial and marketing information, and share coaching and training philosophies.