Arsenal majority owner Stan Kroenke's KSE (Kroenke Sports & Entertainment) UK Inc said on Monday its shares in the Premier League club were not for sale after media reports that the club's second-largest investor had made an offer to buy out Kroenke.
Alisher Usmanov has made a £1bn bid to buy out the majority shareholder at Arsenal, according to Sky sources.
Usmanov now owns 30% of the club as opposed to Kroenke, who owns a controlling 67% stake in the Gunners.More news: Hayden critical with serious brain damage
Kroenke has gotten away scott-free for much of the protest, but with Alisher Usmanov finally making an offer to take over the club, you can expect the direction of those protests to take a huge turn. In an interview with Bloomberg last month, Usmanov said the blame for the club's performance should not rest exclusively with Wenger, but also with Kroenke and the board, from which Mr. Usmanov is excluded.
American business entrepreneur Kroenke has been involved with Arsenal for the past decade, with the 69-year-old taking his stake in the club from 12% to 67% during that time.
Red and White Holdings, Usmanov's investment vehicle, declined to comment, while Arsenal FC was not immediately available to comment and Kroenke could not be reached.More news: Google Is Building a New Virtual Reality Headset
Usmanov recently stated his belief that Arsene Wenger should begin the process of identifying the club's next manager, describing the long-serving manager as Arsenal's "main symbol" and "main asset".
"Stan Kroenke sees it as another asset".
Kroenke, though, could face a battle to win back the trust of those supporters who believe a change is needed in the boardroom.More news: Daredevils scale Golden Gate Bridge in stomach-turning video
However, he blamed the uncertainty over his future for contributing to the club failing to qualify for the Champions League. But they should not question it, I am professional, as long as I am somewhere I do my job until the last day. He played college football - as well as a high standard of basketball - and always followed the Premier League when he was younger.