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

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Scottish football: Kenny McLean insists St Mirren are still a united squad

Kenny McLean insists St Mirren are still a united camp, despite rumours suggesting otherwise.

European qualifiers: Chris Coleman names Wales squad and backs young guns to shine

Wales coach Chris Coleman has backed his younger players to shine in the absence of star duo Aaron Ramsey and Joe Allen.

Europa League: Police Scotland have warned Celtic fans not to sell on match tickets

Police have warned Celtic fans not to sell tickets to Dinamo Zagreb supporters ahead of Thursday's Europa League tie.

Mail Box

It Was Better When City Were Rubbish

'I think I preferred it when we were s**t' says one City fan in the afternoon mailbox. There's a decent chat about the empty seats plus views on Liverpool and Roma...

Do City Really Need To Expand Their Stadium?

That's the question posed by one Man United fan in the mailbox after seeing the empty seats at the Etihad last night. Sadly, there isn't a single mail from a City supporter...

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