Arsenal say no bid approach

Reuters, Sunday 3 Mar 2013

Majority shareholder Stan Kroenke says he is committed to club and has no plan to sell up

File photo: Arsenal players warm up before a team training session in London Colney November 22, 2011 (Photo: Reuters)

Arsenal said on Sunday there had been no approach from potential bidders for the Premier League soccer club and that majority shareholder Stan Kroenke had no plans to sell up.

The club was responding to a Sunday Telegraph report that a Middle East consortium planned a 1.5 billion pounds ($2.25 billion) bid and had requested a meeting with American Kroenke.

"Stan Kroenke is committed to Arsenal for the long term and has no intention of selling his stake," Arsenal communications director Mark Gonnella told Reuters.

"There has been no contact from any potential investors," he added.

The Telegraph newspaper reported earlier that a Middle Eastern consortium is poised to bid 1.5 billion pounds ($2.3 billion) for full ownership of Arsenal.

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