Usmanov makes £1bn Arsenal takeover bid

Usmanov’s rivalry with Kroenke has become increasingly public
Uzbek-born Russian billionaire Alisher Usmanov has made a £1bn bid to wrest control of Arsenal from majority shareholder Stan Kroenke.
But with Kroenke showing no interest, the bid has in effect been rejected, though Usmanov is yet to receive written confirmation of that.
The Financial Times reported Usmanov made the offer last month, and that Kroenke has yet to formally respond.
Metal magnate Usmanov owns 30% of Arsenal’s shares.
He is, though, not part of the board or decision-making at the club.

From the archive: Who is Alisher Usmanov?

Usmanov said in April that Kroenke must “bear huge responsibility” for the club’s failures on the pitch.
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