Arsenal deny takeover claims

Arsenal have received no approach over a potential takeover and insist majority shareholder Stan Kroenke has no plans to sell up.

Last Updated: 04/03/13 at 07:27 Post Comment

Arsenal deny an approach has been made over a possible takeover

Arsenal deny an approach has been made over a possible takeover

Reports claimed a Middle East consortium are preparing a £1.5b bid to buy out the Premier League club at around £20,000 a share.

However, the club insist they have received no contact from potential bidders and that Kroenke would have no intention of selling his controlling stake.

"Stan Kroenke is committed to Arsenal for the long term and has no intention of selling his stake," said Mark Gonnella, the club's communications director.

"There has been no contact from any potential investors."

"I don't know anything about it, I heard it like you (in the newspapers)," team manager Arsene Wenger said after the 2-1 north London derby defeat by Tottenham at White Hart Lane.

"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."

Kroenke pushed through his £430m-plus takeover in April 2011, and now holds 66.83% of the club to give him overall control.

The Kroenke Sports Enterprise Group has a history of sustained involvement in all of his sporting interests in the United States, which include the Denver Nuggets of the NBA and the Colorado Avalanche in the NHL, as well as MLS side Colorado Rapids.

Arsenal's second largest shareholder Alisher Usmanov, who does not currently have a seat on the board, is also reported to have no interest in selling his 29.96% holding.

Related News

Most Commented

Readers' Comments

A

h ha ha, excellent. Let's hope he goes on the run. Then they hunt piggy down for scoffing all the apples. At least he's done something right - he has united football fans, regardless of who they support, against FIFA and all those at the top who have been bleeding the game for their own means and giving nothing back.

GVMUFC
Blatter 'under investigation'

S

till reckon Chelsea will go for Khedira as back up for Matic. I think it will turn out to be quite a Mourihno-y window: We'll see the squad players and youth in action pre-season, say things like well, we need not buy anybody and then the club will bid £60m for Pogba and send everybody on loan.

tk421
F365's Transfer Guide - Part One

I

would love to be a fly on the wall at the meeting between Milner and Rodgers. I don't know if flies can count, but if they can then I would be counting the number of times Rodgers used the word outstanding in his attempts to get Milner to sign.

godzilla
Reds and Arsenal chase Milner

Footer 365

Mourinho 'not interested' in Griezmann

Chelsea boss Jose Mourinho has ruled out making a move for Atletico Madrid forward Antoine Griezmann this summer.

United fail with Varane and Bale bids

Manchester United have failed with a €150million bid for Raphael Varane and Gareth Bale but want Atletico Madrid's Joao Miranda, claim reports.

Costa 'so happy' at Chelsea - Mourinho

Jose Mourinho has dismissed claims Diego Costa is unhappy at Chelsea, insisting he is 'responsible for the good atmosphere' at Stamford Bridge.

Mail Box

Celebrate Good Times, But Hard Work Starts Now

The Mailbox is joyous over the impending departure of Sepp Blatter, but offers a reminder that problems remain. Plus title winners, CL play-offs and Nigel Adkins...

Liverpool 2015 Feels Like Liverpool 2011...

One Mailer says Benteke = Carroll, Bellamy = Milner and Clyne = Downing. Plus we have U21 Euro impatience, farewell Rio, Rafa Benitez, Milner, FIFA and title play-offs...

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