£1.5bn takeover for Arsenal ?

Arsenal’s eagerly-anticipated north London derby with Tottenham on Sunday was given an added edge with reports that a Middle East consortium will launch a £1.5billion takeover bid for the club in the next few weeks.

The group, made up of investors from Qatar and the United Arab Emirates, hope to tempt owner Stan Kroenke with the world record sum, reports the Sunday Telegraph.

But the group warned that Arsenal, currently fifth in the Premier League and three points behind fourth-placed Spurs, must act quickly amid fears that the club miss out on a Champions League place and fall into a cycle of decline like Liverpool.

(Getty)

(Getty)

It would be the world’s biggest ever bid for a football club, dwarfing the £800m paid by the Glazers for Manchester United.

 …

A bid source was quoted as saying: ‘Arsenal is at a pivotal position at the moment. The fear is that the club is facing a cycle of decline like Liverpool. From our point of view it is the perfect moment to make this bid because at this moment in time you can still genuinely justify this extraordinary valuation on the club.

‘We will not bid for Arsenal if they go into decline. Kroenke and Usmanov will not get this kind of valuation if Arsenal do not succeed and will not get this kind of valuation ever again.

‘The amount of capital required to pump into Arsenal to make it competitive within England, Europe and the world means that the valuation cannot go any higher

Read the Daily Mail news of the bid.

No deal: £1.5bn Arsenal takeover bid set to fail as Kroenke and Usmanov dig in for long haul

(Getty)

(Getty)

From the Mirror: The investors are prepared to offer American owner Stan Kroenke £20,000 a share and also want to buy Alisher Usmanov’s stake.

But, although he was unavailable for comment, it is understood Kroenke is not looking to sell up and remains fully committed to Arsenal.

Sources close to Usmanov also insisted he is in it for the long-term as Arsenal’s second largest shareholder and is not interested in cash incentives.

The wealthy American – reckoned to be worth £4 billion by the Forbes rich list – has told the club on several occasions that he is at Arsenal “ for the long haul”.

And his history in dealing with sports franchises shows that he has never been keen to sell any of them that include Denver Nuggets of the NBA, Colorado Rapids of the MLS and Colorado Avalanche of the NHL.

He has said the in the past that he does not want to sell – and the feeling inside The Emirates is that he will resist any temptation to sell to a so-far unnamed Arab consortium backed by funds from Qatar and the United Arab Emirates.

 

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