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Arsenal deny takeover rumours

Arsenal chairman Peter Hill-Wood says he is in the dark over speculation of a takeover of the Premier League club by a Middle-Eastern consortium.

Last Updated: 08/03/13 at 13:29 Post Comment

Peter Hill-Wood: In dark over reported Middle-Eastern takeover

Peter Hill-Wood: In dark over reported Middle-Eastern takeover

American Stan Kroenke and Uzbek-born Russian businessman Alisher Usmanov are the major shareholders in the Gunners and Hill-Wood does not expect either to be keen to sell their interest.

Questioned on rumours of a supposed £1.5billion takeover, the chairman denied any knowledge of an approach.

Hill-Wood said: "I have heard nothing and I don't think anybody knows anything about it at the club.

"It all seems a bit of a waste of time.

"If there is this consortium, they can't make any progress unless they attempt to get in touch.

"So I can't say if there is anything to it or not.

"But even if they did make an approach, my understanding is our two major shareholders do not want to sell."

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