Usmanov bid to buy Arsenal rejected by Kroenke

Wenger couldn’t coach his way out of a paper bag- Arsenal legend Adams questions snubs

When asked about the team's underperformance this season and the criticism aimed at manager Arsene Wenger recently, Usmanov told Bloomberg the club's major shareholder must "bear huge responsibility", too.

With Usmanov now owning 30 percent of the club with a personal fortune of around £11.2bn, he evidently has the means to make his ambitious plan a reality, but as noted by Ornstein in the tweet below, Kroenke doesn't sound as though'll be loosening his grip on the club any time soon.

However, mid-morning on Monday, Kroenke's KSE UK, Inc issued a formal statement noting the recent media speculation concerning its shareholding in the football club's holding company Arsenal Holdings, that confirmed the "shares are not, and never have been, for sale".

Russian businessman Alisher Usmanov, who now owns 30% of the club, tabled a formal £1bn bid to buy Arsenal, but Kroenke has no intention of relinquishing any of his 67% holding. 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.

Gab Marcotti and Steve Nicol disagree on how Arsenal players would react if Stan Kroenke sells the club.

The situation regarding Wenger's future is still unclear, with the board set to meet with the 67-year-old after they face Chelsea in the FA Cup final on May 27.

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"We need an owner like Abramovich, who wants to win".

"I respect Stan Kroenke a lot".

Usmanov has also called for an overhaul of Arsenal's commercial operations. He is not at fault if we did not reach the Champions League, ' said Wenger.

The Frenchman, who is out of contract at the end of the campaign, is preparing for the final Premier League game of the season against Everton with a faint hope of finishing in the top-four for the 21st consecutive season.

Also, a very big weekend in the Premier League for both Liverpool and Arsenal as they both look to capture the last qualification spot in next year's Champions League.

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