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

 

Read News24’s Comments Policy

Fixtures
Sunday, 23 February 2020
Wolverhampton Wanderers v Norwich City, Molineux Stadium 16:00
Manchester United v Watford, Old Trafford 16:00
Arsenal v Everton, Emirates Stadium 18:30
Monday, 24 February 2020
Liverpool v West Ham United, Anfield 22:00
Friday, 28 February 2020
Norwich City v Leicester City, Carrow Road 22:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

And the 2019/20 English Premiership champions will be ... ?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2019/20 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

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.