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

rturo Vidal, James Rodriguez, Angel Di Maria...........who cares we have Mark Oxley.......Ah tis good to be Hibs fan :)

frakessmee
Hull keeper agrees Hibs loan

I

t's just a ride. Bill Hicks is sorely missed, what a prophet and still relevant twenty years after his death. I'm glad though he didn't get to see George Bush Jnr as President.

thesza888
Wilshere: Is He Smoking Enough?

W

hile not comparing the ability of Wilshire to Dr Socrates of Brazil, didn't he do about forty a day?

nedsmar
Wilshere sorry for smoking

Footer 365

Transfer news: Swansea boss Garry Monk insists Wilfried Bony is not for sale

Swansea boss Garry Monk is adamant that only an “astronomical” bid could prise Wilfried Bony away from the club.

Premier League: Manchester United's Juan Mata backs Louis van Gaal's winning mentality

Juan Mata has hailed Louis van Gaal and believes that the Dutchman will bring a winning mentality to Manchester United.

Transfer news: Arsenal boss Arsene Wenger prepared to take gamble on Calum Chambers

Arsene Wenger admits signing Calum Chambers from Southampton is somewhat of a gamble, but one he believes will pay off.

Mail Box

Reasons To Believe That Van Gaal Will Be The Best

Some supporters sound oh so confident on Louis Van Gaal's excellence. Plus thoughts on shirt sales, best signings, football sevens and a good deal more besides...

Are Pre-Season Tours Really A Problem?

Are pre-season tours really a problem? Liverpool went to Australia last summer and it didn't prevent them from having a good season. Plus, thoughts on LvG and keepers...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property