Stan Kroenke to reject Arsenal takeover bid?

Kroenke to reject Arsenal takeover bid?
© PA Photos
Arsenal's majority shareholder Stan Kroenke will reportedly reject the offer from a Middle Eastern consortium to buy into the club.

Arsenal's majority shareholder Stan Kroenke will reportedly decline the proposed takeover of the club by a Middle Eastern consortium.

Reports on Saturday evening suggested that the Gunners were to be the subject of the biggest ever takeover of a football club.

Reports claimed that Kroenke was to be offered around £20,000 a share in a deal that would be a mouth-watering £1.5bn.

However, according to The Mirror, Kroenke remains fully committed to Arsenal and has no intention of selling his 66.64% stake at the Emirates Stadium.

Kroenke has been nicknamed 'Silent Stan' by some Arsenal fans for a perceived lack of interest in on-field matters with the Gunners.

Arsenal manager Arsene Wenger on the touchline in the match against Swansea City on December 1, 2012
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