Morning Ticker: American bid to purchase Bari collapses, Kroenke increases shares in Arsenal and more

So much for an American owning a Serie A club. Timothy Barton, the head of an American bid to takeover Serie A club Bari, saw the deal go up in flames yesterday as the current ownership refused to delay the process any longer.

According to ESPN Soccernet, Barton and his organization, JMJ Holdings had to meet a Wednesday deadline of initial payment under terms of an initial agreement to buy the club.

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