Arsenal dismiss takeover claims after reports of Middle East interest

03 March 2013 04:08
Arsenal dismiss takeover claims after reports of Middle East interest Arsenal have dismissed the possibility of owner Stan Kroenke selling his majority stake in the Gunners following reports that a Middle East consortium could make a £1.5bn offer for the club. The Sunday Telegraph has reported  that an unnamed group is set to move for the Emirates club. Analysis David Ornstein BBC Sport The experts I have spoken to (who were involved in many of the Premier League takeovers of the last decade) say they are not inclined to believe the reports. Serious Middle East groups do not usually behave like this and certainly don't advertise what they are planning. And there is no detail in the reports that is not on public record apart from the valuation, which is way over the top for Arsenal - especially if they fail to qualify for next season's Champions League. But Arsenal have denied the claims. "Mr Kroenke is committed to Arsenal FC for the long term and has no intention of selling," Arsenal communications director Mark Gonnella told BBC Sport. "There has been no contact from any consortium regarding a takeover." The reports claim that the potential investors, from Qatar and the United Arab Emirates, have requested a meeting with Kroenke. The story also says that the group would put up significant funds for new players as well as lowering ticket prices at the Emirates Stadium. Arsenal have not won a trophy since 2005 and Kroenke has faced criticism from fans following the sales of key players Cesc Fabregas, Samir Nasri and Robin van Persie in recent years. Manager Arsene Wenger has also faced questions about his future after a disappointing season. Wenger's team, knocked out of the Capital One Cup and the FA Cup by Bradford and Blackburn respectively, are fifth in the Premier League and look unlikely to progress in the Champions League after losing the first leg of their last-16 tie with Bayern Munich 3-1 at the Emirates. Kroenke joined the club's board in 2008 and completed his takeover of the Gunners in 2011.

Source: bbc_sport