Kaleb
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Alisher Usmanov makes $1.3bn bid to take control of Arsenal FC
Mr Usmanov, a metals magnate who owns 30 per cent of the English Premier League club, conveyed the offer in a letter to Stan Kroenke, the US sports mogul who controls a 67 per cent stake.
The approach, made last month, valued the club at $2bn. Mr Kroenke has yet to formally respond. He is understood not to have dismissed the idea out of hand at first. However, he has since informally indicated he is not interested in selling to Mr Usmanov or anyone else.
Two weeks ago, I thought something could realistically happen. Now I am not so sure, a person close to the situation said.
The approach reignites the bitter feud between the two men over the direction of the club. Neither Arsenal nor the Kroenke Group responded to requests for comment. Red & White, Mr Usmanovs investment vehicle, declined to comment.
Mr Usmanov, a metals magnate who owns 30 per cent of the English Premier League club, conveyed the offer in a letter to Stan Kroenke, the US sports mogul who controls a 67 per cent stake.
The approach, made last month, valued the club at $2bn. Mr Kroenke has yet to formally respond. He is understood not to have dismissed the idea out of hand at first. However, he has since informally indicated he is not interested in selling to Mr Usmanov or anyone else.
Two weeks ago, I thought something could realistically happen. Now I am not so sure, a person close to the situation said.
The approach reignites the bitter feud between the two men over the direction of the club. Neither Arsenal nor the Kroenke Group responded to requests for comment. Red & White, Mr Usmanovs investment vehicle, declined to comment.