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

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

G

ive him 10 crosses and he'll head 8 of them over the bar.

tk421
Where Does Giroud Rank In Premier League?

Footer 365

Chelsea defender John Terry signs new one-year contract

Chelsea defender John Terry has signed a new one-year contract to stay at the club until summer 2016.

Roy Hodgson confirms Harry Kane will make England debut

Harry Kane's "incredible season" will reach a new high with an England debut in the next week, Roy Hodgson has confirmed.

Roy Hodgson urges English goalkeepers to grab chance to shine

England boss Roy Hodgson has urged goalkeepers across the land to grab their chance to shine to fill his injury gaps.

Mail Box

Cry Me A River, Diego Costa...

There's little sympathy for Diego Costa, while one mailboxer has had enough of football by numbers. There's also an invitation to visit Colombia and an ode to Woan...

England Handicapped By Natural Pessimism

The England team will never achieve anything unless we all lighten up. Also, last season was simply Joe Hart's 'Frog Chorus', and 80 per cent was a conservative estimate of turds in the Liverpool punchbowl...

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