Us­manov wants Ar­se­nal

New Straits Times - - Sport -

LON­DON: Ar­se­nal’s sec­ond­largest in­vestor, Alisher Us­manov, made a US$1.3 bil­lion (RM5.85 bil­lion) of­fer to buy out the foot­ball club’s ma­jor­ity owner Stan Kroenke, a source fa­mil­iar with the mat­ter said, con­firm­ing ear­lier re­ports.

Us­manov, a Rus­sian bil­lion­aire who owns 30 per cent of the Pre­mier League club, made the of­fer in a let­ter to Kroenke, the club’s Amer­i­can share­holder who con­trols a 67 per cent stake, the Fi­nan­cial Times re­ported on Fri­day.

Red and White Hold­ings, Us­manov’s in­vest­ment ve­hi­cle, de­clined to com­ment, while Ar­se­nal FC were not im­me­di­ately avail­able to com­ment and Kroenke could not be reached.

Us­manov’s ap­proach, which he made last month, val­ued the club at US$2 bil­lion, the FT said.

Kroenke has yet to for­mally re­spond, ef­fec­tively re­ject­ing the of­fer, the source said.

Although Kroenke did not im­me­di­ately dis­miss the idea, he has in­di­cated he is not in­ter­ested in sell­ing his stake to Us­manov or any­one else, the FT said.

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