The most English of football clubs goes American

By J.G. | LONDON

ANOTHER year, another foreign takeover of an English football club. Stan Kroenke, an American property magnate who married into the Wal-Mart retail dynasty, now owns 63% of Arsenal Football Club and is to make an offer for the rest. The club, which is valued at £731 million, becomes the last of England's "big four" to come under overseas control, following Chelsea, Manchester United and Liverpool. Other major clubs, such as Manchester City and Aston Villa, have also passed into foreign hands in recent years.