Kroenke 'no intention' of selling

Arsenal owner Stan Kroenke would have no intention of selling his controlling stake in the club, it's understood.

Last Updated: 03/03/13 at 12:40 Post Comment

Latest Articles

Transfer news: Brek Shea has left Stoke to return to USA and Orlando

Post comment

Brek Shea has left Stoke and returned to the United States to join Major League Soccer side Orlando City.

Transfer news: Brek Shea has left Stoke to return to USA and play for Orlando City

Post comment

Brek Shea has left Stoke and returned to the United States to join Major League Soccer side Orlando City.

All Articles

Arsenal have received no contact over a potential takeover and owner Stan Kroenke would have no intention of selling his controlling stake, Press Association Sport understands.

Reports have claimed 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 this 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% 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 Major League Soccer club the Colorado Rapids.

Uzbek oil magnate Alisher Usmanov remains Arsenal's second largest shareholder with a 29.96% holding, but does not currently have a seat on the board.

Reports suggest that, 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, who have not won a trophy since the 2005 FA Cup, head to north-London rivals Tottenham this afternoon looking to boost their hopes of finishing in the top four, and securing Champions League qualification once again under manager Arsene Wenger - who 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


Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Footer 365

Premier League: Joe Hart agrees long-term contract with Manchester City

Joe Hart has signed a new long-term contract which keeps him at Manchester City until the end of the 2018-19 season.

Premier League: Aston Villa boss Paul Lambert says Manchester United can still win title

Aston Villa boss Paul Lambert believes Saturday's opponents Manchester United can still win the Barclays Premier League.

Premier League: Manuel Pellegrini confident James Milner will sign new deal at Manchester City

Manchester City manager Manuel Pellegrini is confident James Milner will soon sign a new contract with the club.

Mail Box

More Players In The Wrong Bloody Shirt

Plus Cristiano Ronaldo, who looks 'heart-breakingly well-suited to a Real Madrid shirt' according to one United fan. Plus, words from the good doctor and plenty more...

Players Plainly Wearing The Wrong Strip...

There are some players who just look plain daft in whatever shirt they're wearing. Like Cesc and Robin. It's a cracking mailbox with a load of different themes...

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