Arab consortium 'eyes Arsenal'

An Arab consortium is considering making a £1.5billion bid for Arsenal in the near future, according to reports.

The Sun on Sunday and Sunday Telegraph have both reported the interest, with funds for the bid said to be coming from Qatar and the United Arab Emirates in the next few weeks.

American Stan Kroenke is the club's majority shareholder, while Uzbek Alisher Usmanov also holds a significant stake.

The offer for Arsenal would reportedly see the potential investors bid around £20,000 per share, making Kroenke's holding alone worth £830million.