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

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Guardiola will let Schweini decide future

Bayern Munich boss Pep Guardiola has told Manchester United target Bastian Schweinsteiger he can make up his own mind on his future.

Dean Hammond signs new deal with Leicester City

Leicester midfielder Dean Hammond has signed a new contract with the club after his previous deal expired.

Giggs urges youngsters to impress

Manchester United assistant manager Ryan Giggs has urged the club's youngsters to seize their chance to impress boss Louis van Gaal.

Mail Box

Nani's Failure Still Leaves A Sour Taste

It's a decent afternoon Mailbox, with thoughts on Paulinho, Nani, the future of women's football and yet more of your annoyances. These will be the last of them...

Media Must Maintain Women's Momentum

England being English was tough luck but the media must build on the increased interest in the women's game. Also, mails on Turan, United aiming too high and BAPs...

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