Arsenal shareholder Alisher Usmanov has had a £1 billion bid for Stan Kroenke’s 67% stake in the London club rejected today.
The Russian business has been attempting to overthrow Kroenke for some time now but has done so to no avail.
Now, the business who only has a minority stake in Arsenal has made a very big statement of intent by offering a huge £1.3bn.
Usmanov has no part in decision making in the club and looked to have given up on acquiring a majority shareholder position.
Both Kroenke and Usmanov have disagreed on policies over the years as both have different opinions on running the club.
Usmanov also believes that Kroenke’s lack of investment has hindered the London club and held them back.
BREAKING: Arsenal shareholder Alisher Usmanov has made £1 billion bid for Stan Kroenke’s 67% Arsenal stake. #AFC
— 101 Great Goals (@101greatgoals) May 19, 2017
That isn’t even the interesting part of it, the timing of the offer really does speak volumes.
When better to make an offer than when the club is set to finish outside of the top four for the first time in 18 years.
Not only that, fan pressure over the future of Arsene Wenger, massive contract troubles with Alexis Sanchez and Mesut Ozil.
The club is in a vulnerable position, as is Stan Kroenke and Alisher Usmanov has identified this.
Though on this occasion, Kroenke has stood firm and rejected the deal, but it has been said that the offer remains on the table.
Safe to say, this is not one to forget about in the near future.