Published: Wed, May 24, 2017
Sport | By Gary Shelton

Kroenke says Arsenal not for sale after Usmanov bid

Wenger has refused to confirm he will stay on as manager next season and, after missing out on the Premier League's top four for the first time since 1996, the Frenchman said the uncertainty had not helped.

'KSE is a committed, long term investor in Arsenal and will remain so.' Arsenal legend Thierry Henry blasted Kroenke for his statement saying: 'It's just amusing how when people talk about his company and if it's for sale or not for sale, we have a statement straight away about it.

Regardless of what happens at Emirates Stadium during the close-season, Seaman - a three-time Premier League victor with Arsenal - wants to see a greater willingness to spend big to avoid being priced out of major signings by other elite clubs.

The Missouri native has never been well-liked by the Arsenal faithful, who have protested his ownership several times, even starting a petition in 2016 to "stop Stan Kroenke destroying Arsenal Football Club".

Usmanov owns 30 percent of Arsenal's shares, but is not part of the board or involved in decision-making at Emirates Stadium.

Usmanov remains interested in buying out Kroenke's 67-percent majority stake in a deal valuing the club at $2 billion, the person told The Associated Press.

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Arsenal must be willing to invest greater funds into the playing squad to avoid falling behind their Premier League rivals, says David Seaman.

The bid was made a month ago in a letter that also included a proposal to work together to secure the future of the club if Kroenke doesn't want to sell.

Wenger is yet to reveal if he will extend his 21-year reign and failing to qualify for the Champions League for the first time in two decades would cost Arsenal an estimated £50 million in revenue.

Whether it's Wenger stepping down, changes to the structure of the club or more involvement from Kroenke, all is not well for the Gunners as they now prepare for the FA Cup final against Chelsea this weekend.

The company, run by American sports mogul Stan Kroenke, now own 67% of the Gunners having steadily acquired more shares since initially buying a 9.9% stake back in 2007.

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