Wenger in dark over takeover

Arsene Wenger has insisted he has no knowledge of a potential takeover at Arsenal and stressed that is a decision for the owners.

Last Updated: 03/03/13 at 21:40 Post Comment

Arsene Wenger: Knows nothing about reports of an Arsenal takeover

Arsene Wenger: Knows nothing about reports of an Arsenal takeover

Arsenal have dismissed talk of a possible buy-out at Emirates Stadium after reports emerged claiming a Middle East consortium were preparing a £1.5billion bid to buy out the Premier League club at around £20,000 a share.

Wenger would not be drawn on the issue when asked to comment after Sunday's loss to Tottenham Hotspur, as he concentrates on managing the team.

Asked what he knew, Wenger said: "Nothing. If people are ready to invest their money it means the club is not moving too much in a bad direction.

"I am nothing to do with it. I focus on my job, financial is down to the directors, shareholders and the owners."

Wenger added: "You are only vulnerable if you want to sell and you need money.

"(However), that doesn't concern me at all, that is down to the owners."

Arsenal have made it clear that they have received no contact from potential bidders and that majority shareholder Stan Kroenke would have no intention of selling his controlling stake.

Uzbek oil magnate Alisher Usmanov remains Arsenal's second largest shareholder with 29.96%, but does not currently hold a seat on the board.

Reports suggest if successful in a potential takeover, the consortium - said to be backed by funds from Qatar and the United Arab Emirates - would be ready to work with Usmanov's Red & White Holdings to help drive the Gunners back to the top of European football, vowing to slash ticket prices and stop the sale of star players such as former captains Robin van Persie and Cesc Fabregas.

Arsenal have not won a trophy since the 2005 FA Cup, during which period Wenger has long championed the club's self-sustaining policy and the need for UEFA's new Financial Fair Play regulations.

Related News

Most Commented

Readers' Comments

F

irst Townsend, now Chiles. What next ITV? Comedy that you can actually watch without vomiting up your own spleen? I'll be sad to see Matt Smith go though. I actually quite like him. Plus, he was good in Doctor Who.

sailingmagpie
Adrian Chiles to leave ITV

H

e's like Jay from Inbetweeners. Could've had him, had him, didn't want him, turned him down.

lee
Wenger criticises work permits

A

wful, awful pundit. He was crap on BBC, and offered a little more analysis than Robbie Savage - apart from the delivery of banality in a sexy accent. Also, as I'm Irish he'll never be more then a slimy, hand-balling f**ker in my eyes.

batdog
Football People On TV: Thierry Henry

Footer 365

FA Cup: Bradford hope to meet Manchester United after beating Chelsea

Bradford boss Phil Parkinson would like to meet Manchester United in the FA Cup fifth round after beating Chelsea.

Serie A round-up: Lazio see off AC Milan 3-1 as Philippe Mexes is sent off for moment of madness

Marco Parolo scored twice as Lazio heaped more woe on Milan, who had Philippe Mexes sent off in a 3-1 defeat.

Premier League: Daniel Sturridge in contention for Liverpool's Capital One Cup semi against Chelsea

Daniel Sturridge will return to full training on Sunday and could be available for the Capital One Cup semi-final.

Mail Box

Appalling, Slow, Pathetic, Embarrassing

It's a bonus Saturday Mailbox, with plenty of reaction to the most alarming 0-0 draw in Manchester United's recent history. At what point do we worry about Louis van Gaal?

Why Do Man United Look So Impotent?

It's all very well talking about formations and United's defensive problems, but shouldn't their expensive attacking options be doing better? And we talk psychology...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company