Arsenal boss Kroenke: I’m not selling

 
Julian Harris
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ARSENAL’S majority shareholder Stan Kroenke has no interest in selling his stake, the Premier League giant insisted yesterday.

Kroenke, who owns roughly two thirds of the London football team, will be presented with a bid from an anonymous Middle East consortium that values the club at around £1.25bn plus debt, according to reports.

But the American property and sports mogul “is committed to Arsenal for the long term and has no intention of selling his stake,” Arsenal spokesman Mark Gonnella said yesterday.

If Kroenke were to soften his stance, it would no doubt draw the attention of Arsenal’s other large shareholder – Russian billionaire Alisher Usmanov – who harbours hopes of taking full control of the club.

Usmanov has not been offered a seat on the board despite owning nearly 30 per cent of Arsenal’s stock.

Reports said that a takeover bid would aim to involve Usmanov as a key shareholder and decision-maker.

But sources told City A.M. that the Russian does not believe that a takeover bid from Qatar is in the pipeline.