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Arsenal chairman denies takeover talk

Fri 8th Mar 2013 | Clubs Ownership

Arsenal chairman Peter Hill-Wood has denied any knowledge of a potential £1.5 billion takeover of the club by a Middle East consortium.

American Stan Kroenke and Russian Alisher Usmanov are the major shareholders in the club and Hill-Wood does not expect either to be keen to sell their interest.

Hill-Wood said: "I have heard nothing and I don't think anybody knows anything about it at the club.

"It all seems a bit of a waste of time.

"If there is this consortium, they can't make any progress unless they attempt to get in touch. So I can't say if there is anything to it or not.

"But even if they did make an approach, my understanding is our two major shareholders do not want to sell."

Posted by: Kev Howland

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