Stan Kroenke has agreed to buy increased shares of the Aresenal soccer club of the Premier League which would raise his ownership holdings from about 30% to 62%. The official announcement is expected to come later today.

Kroenke and his family own the St. Louis Rams, as well as having a stake in the Denver Nuggets, Colorado Avalance and Colorado Rapids of the MLS. With his ownership rights going above 50% for Arsenal, he will gain legal control of the franchise.