Breaking News
Home / World News / Alisher Usmanov: Arsenal shareholder makes £1bn takeover bid to Stan Kroenke

Alisher Usmanov: Arsenal shareholder makes £1bn takeover bid to Stan Kroenke

Usmanov’s rivalry with Kroenke has become increasingly public

Uzbek-born Russian billionaire Alisher Usmanov has made a £1bn bid to wrest control of Arsenal from majority shareholder Stan Kroenke.

But with Kroenke showing no interest, the bid has in effect been rejected, though Usmanov is yet to receive written confirmation.

The Financial Times reported Usmanov made the offer last month, and that Kroenke has yet to formally respond.

Metal magnate Usmanov owns 30% of Arsenal’s shares.

He is, though, not part of the board or decision-making at the club.

Usmanov said in April that Kroenke must “bear huge responsibility” for the club’s failures on the pitch.

Arsenal need other teams to slip up in Sunday’s final round of matches to avoid missing out on Champions League qualification for the first time in 21 years.

Arsene Wenger, who has been manager since 1996, has been the target of protests from some of the club’s fans.

The Frenchman’s future at the club will be decided at a board meeting after Arsenal meet Chelsea in 27 May’s FA Cup final.

Facebook Comments

Check Also

Burundi orders couples to wed amid drive to ‘moralise society’

Image copyright Getty Images Image caption Burundi is one of the world’s poorest countries and …

Wimbledon fire: Blaze at All England Club tennis courts

Image copyright @MarcInners Image caption Crews from Tooting, Wandsworth, Fulham and New Malden fire stations …

UK achieves solar power record as temperatures soar

Image copyright Getty Images A record amount of solar power was generated on Friday as …

Sri Lanka floods: Scores die as monsoon triggers mudslides

Image copyright AFP Image caption Torrents of mud swept into villages in Kalutara district, burying …