• American businessman buys 23 shares for £368,000 • Kroenke has been Arsenal’s majority shareholder since 2011

This article is more than 4 years old

This article is more than 4 years old

Stan Kroenke has increased his majority shareholding in Arsenal, despite discontent at the Emirates Stadium.

KSE (Kroenke Sports Enterprise) UK Inc, wholly owned by the American businessman, has acquired 23 ordinary shares for £368,000, to take his shareholding to 67.05% (41,721 shares), it was announced under corporate disclosure on Thursday.

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Kroenke, who also owns the NFL’s Los Angeles Rams, has been Arsenal’s majority shareholder since 2011.

Many Arsenal supporters believe last season should have been the one which saw their hopes for a first Premier League title in 12 years realised, but Leicester secured a remarkable triumph. The Gunners belatedly roused themselves to finish second ahead of Tottenham.

Arsenal fans are torn over the future of the manager Arsène Wenger, whose 20th anniversary is approaching in October, and a muted protest took place during the win over Norwich on 30 April.

Wenger has a year remaining on his contract and will be expected to invest in his squad for a sustained title challenge next season. On Wednesday they signed the Switzerland midfielder Granit Xhaka from Borussia Mönchengladbach for around £25m.