Wenger in dark on buy-out talk

Arsene Wenger has no knowledge of a potential takeover at Arsenal - but insists that is a concern only for Stan Kroenke.

Last Updated: 03/03/13 at 21:54 Post Comment

Manager Arsene Wenger has no knowledge of a potential takeover at Arsenal - but insists that is a concern only for owner Stan Kroenke and whether he wants to sell up.

Reports have emerged claiming a Middle East consortium are preparing a £1.5billion bid to buy out the Barclays Premier League club at around £20,000 a share.

However, sources close to the Arsenal board on Sunday morning maintained there had been no approach, informal or otherwise, to the American owner, who remains "in it for the long term".

Kroenke pushed through his £430million-plus takeover in April 2011, and now holds 66.83% overall control. The Kroenke Sports Enterprise Group has a history of sustained involvement in all of his sports interests in the United States, which include NBA side Denver Nuggets and NHL outfit Colorado Avalanche as well as the Major League Soccer club Colorado Rapids.

Wenger claimed he knew nothing of the rumours when asked following Sunday afternoon's 2-1 defeat at Tottenham, which leaves Arsenal in real danger of missing out on Champions League qualification next season.

"I don't know anything about it, I heard it like you [in the newspapers]," said Wenger.

"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."

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.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Transfer news: Chelsea in pole position to sign QPR striker Loic Remy

Arsenal have ended their interest in signing QPR striker Loic Remy, Sky sources understand.

Transfer news: Arsenal boss Arsene Wenger rules out Joel Campbell loan

Arsenal boss Arsene Wenger insists coveted striker Joel Campbell will not be leaving the club on loan again.

Liverpool striker Mario Balotelli missing from Italy squad

Liverpool striker Mario Balotelli has been left out of new Italy coach Antonio Conte's first squad.

Mail Box

Finding It Harder To Defend United

We have some Sunday thoughts on Manchester United's latest league point, plus farewells offered to Daniel Agger (fond) and Fernando Torres (less so)...

Surely A Spurs Fan Should Remember...

...what happened to the fourth Champions League place the last time an English team won the thing. Plus, who would want to pay £60 to watch the current England team?

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