Arsenal: Usmanov eyes £1bn Arsenal takeover

The 63-year-old currently owns 30 per cent of the club through Red & White Holdings and has made a move to wrestle a further 67 per cent away from Kroenke.

It is understood a formal bid was made for Kroenke’s shares but it is believed the American is expected to reject the offer.

Usmanov has been a shareholder at the Premier League club since 2007 and upped his stake from 14.6 per cent to 30 when he bought out Farhad Moshiri in 2016.

He has a fractious relationship with Kroenke and last month he claimed that the club’s issues should not be placed solely at the door of manager Arsene Wenger.

“I do not think that the coach alone is to be blamed for what is happening,” he told Bloomberg – adding that the board, and main shareholder (Kroenke) “bear huge responsibility.R...
 
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