English Premiership

Russian billionaire makes bid to buy Arsenal - report

2017-05-19 20:03

London - Russian billionaire Alisher Usmanov has made a $1.3 billion (€1.1 billion) bid to take control of Arsenal from rival majority shareholder Stan Kroenke, according to a Financial Times report on Friday.

Uzbekistan-born Usmanov owns 30 percent of the Premier League club and is said to have recently made the offer in a letter to Kroenke, who controls a 67 percent stake.

Kroenke is yet to formally respond to the offer, but the report says, after initially considering his options, the American sports mogul has decided he has no interest in selling the Gunners.

"Two weeks ago, I thought something could realistically happen. Now I am not so sure," a person close to the situation told the Financial Times.

Steel magnate Usmanov already had a previous bid for Arsenal rejected and has been critical of Kroenke's passive ownership style in the past.

Usmanov's latest offer comes at a tricky time for the north London club, who are in severe danger of missing out on a lucrative place in next season's Champions League following a miserable Premier League campaign marred by calls for boss Arsene Wenger to quit.

Wenger is yet to reveal if he will extend his 21-year reign and failing to qualify for the Champions League for the first time in two decades would cost Arsenal an estimated 50 million in revenue.

Read more on:    arsenal  |  english premiership  |  soccer
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Sunday, 24 September 2017
Brighton & Hove Albion v Newcastle United, The American Express Community Stadium 17:00
Monday, 25 September 2017
Arsenal v West Bromwich Albion, Emirates Stadium 21:00
Saturday, 30 September 2017
Huddersfield Town v Tottenham Hotspur, The John Smith's Stadium 13:30
Stoke City v Southampton, Bet365 Stadium 16:00
West Ham United v Swansea City, London Stadium 16:00
Manchester United v Crystal Palace, Old Trafford 16:00
West Bromwich Albion v Watford, The Hawthorns 16:00
AFC Bournemouth v Leicester City, Vitality Stadium 16:00
Chelsea v Manchester City, Stamford Bridge 18:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2017/18 season?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2017/18 PSL season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.