Uzbek-born Russian billionaire Alisher Usmanov has made a £1bn bid to wrest management of Arsenal from majority shareholder Stan Kroenke.
However with Kroenke exhibiting no curiosity, the bid has in impact been rejected, although Usmanov is but to obtain written affirmation.
The Monetary Instances reported Usmanov made the supply final month, and that Kroenke has but to formally reply.
Steel magnate Usmanov owns 30% of Arsenal’s shares.
He’s, although, not a part of the board or decision-making on the membership.
Usmanov stated in April that Kroenke should “bear enormous accountability” for the membership’s failures on the pitch.
Arsenal want different groups to slide up in Sunday’s last spherical of matches to keep away from lacking out on Champions League qualification for the primary time in 21 years.
Arsene Wenger, who has been supervisor since 1996, has been the goal of protests from a number of the membership’s followers.
The Frenchman’s future on the membership will likely be determined at a board assembly after Arsenal meet Chelsea in 27 Might’s FA Cup last.
Richard Conway, BBC Radio 5 reside sports activities information correspondent
Alisher Usmanov has needed management of Arsenal for a while.
A protracted-standing critic of the present board, he has tried to curry favour with followers by calling for higher funding by Stan Kroenke. He believes the group needs to be acting at a a lot larger stage.
Now, with questions swirling over Arsene Wenger’s future and with an absence of Champions League soccer subsequent season wanting inevitable, he has made his transfer.
Nevertheless, he has been rebuffed.
The large query is whether or not this was a last throw of the cube by Usmanov? And, with seemingly no prospect of Kroenke promoting, will he flip his buying energy in the direction of one other Premier League membership?