Kroenke Sports Enterprises have bought a 9.99 per cent stake in Arsenal Holdings plc, according to ITV.
ITV owned the 9.99 per cent but the television broadcasters have announced they have unconditionally sold their shareholding interest.
Conditional arrangements have also been entered between ITV and KSE regarding the sale of a 50 per cent stake in Arsenal Broadband Ltd.
If the two transactions are completed the price tag would be £65million.
A statement to the stock exchange read: "ITV plc today announced that it had unconditionally sold its 9.99% shareholding interest in Arsenal Holdings plc to KSE UK INC, a vehicle controlled by Stan Kroenke, and has also entered into conditional arrangements with KSE UK INC in relation to the sale of its 50% shareholding in Arsenal Broadband Limited."
American businessman Stan Kroenke, the owner of Major League Soccer side Colorado Rapids, has been linked with a takeover of The Gunners for some time.
Arsenal and Colorado agreed an exclusive partnership in February, with the aim of the venture to build the Premiership club's standing in America, help improve the quality of the Rapids and provide support to the grass roots game in the US.
Meanwhile, Emmanuel Eboue has emerged as a serious injury concern ahead of Arsenal's Premiership clash with West Ham on Saturday.
The right-back has a groin problem and his chances of featuring have been rated as only 50-50.
He will be given a fitness test on Good Friday before a final decision is made.
"Eboue is a doubt," confirmed manager Arsene Wenger. "He has a problem with his groin."