Source: Telegraph
Arsenal chief executive Ivan Gazidis not expecting takeover bid from Stan Kroenke
Kroenke who owns the Denver Nuggets basketball team would be forced in to such a move under the strict financial rules of the City.[LNB]However, Gazidis said: ''I've had no indication from any shareholders that they are about to launch a takeover.[LNB] Related ArticlesGazidis: Wenger will stay at ArsenalFabregas to return at BoltonCampbell poised for Arsenal returnArsenal fear call-off claimsArsenal v Everton: match previewArsenal in hunt for Lacina Traore''The club is self-sustaining so we don't rely on any outside investment.''[LNB]It has been suggested the continued investment by Kroenke who is already an Arsenal director is designed to fend off possible aggressive moves by Russian Alisher Usmanov, whose Red & White Holdings group hold a stake of 26.07 per cent.[LNB]Lady Nina Bracewell-Smith could well hold the balance of power with her family's 15.9 per cent stake which if sold to either Kroenke or Usmanov would push them well past the takeover threshold.[LNB]When asked if he thought Kroenke wanted to buy Arsenal, Gazidis added: ''That's speculative. We're very comfortable with the multi-ownership model. If that were ever to change, we'd have to address the situation at that time.[LNB]''I can't answer for the shareholders in our club, they will all have their own intentions and how they want to speak about that or express their intentions really has to be up to them.[LNB]''Many investors are interested in investing in Arsenal and I welcome the fact that people are buying shares. It's a very positive sign because it shows this is a well-run club with tremendous assets.''[LNB]
