Arsenal's chairman denies talk of Middle-Eastern takeover

Arsenal's chairman denies talk of Middle-Eastern takeover

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

Questioned on rumours of a supposed £1.5billion takeover, the chairman denied any knowledge of an approach.

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."