|
|
|
|
|
4th Shawwal 1435 | Friday, Aug 01, 2014
Sports

Arsenal poised for ‘biggest ever’ £1.5bn takeover bid by unnamed Middle East consortium

Sunday, 3 March 2013
Comments(0)
March 03:

London, Mar 3 (ANI): Football giant Arsenal is reportedly set for the world’s biggest ever takeover bid for a football club of 1.5 billion pounds by an unnamed Middle East consortium in the next few weeks, which, if successful, can clear debts that stand at around 250?million pounds according to the last full year’s financial results. The bid, which will dwarf the 800 million pounds paid by American company Glazers for Manchester United, will be backed by funds from Qatar and the United Arab Emirates, and the bidders reportedly want Arsene Wenger at the helm of the club, the Telegraph reports. According to a source, the intention of the unnamed bidders is to buy out Arsenal’s American owner, Stan Kroenke, who has been criticised by frustrated supporters for his perceived weak stewardship of the club. The source further said that there will be substantial transfer funds to transform the club into a major force in European and world football, adding that the bidders will also attempt to reduce the ticket prices at the Emirates stadium which is among the highest in the world. The consortium is reportedly considering keeping Wenger in his position as they do not want the club to lose his expertise and football knowledge. However, considering the fact that Arsenal have become less of a rival to the Premier League''s top clubs, a source said that Arsenal is at a critical position at the moment, and the bidders may not go ahead with the deal if Arsenal goes into decline and does not succeed. (ANI)

Latest News

AAP to organise musical event in solidarity with Gaza

Aam Aadmi Party will organise a musical event here to express its solidarity with the people of Gaza ...

GHMC plans to involve NGOs in providing shelter to beggars

As part of its efforts to establish 'Gourav Sadans', shelters for beggars in Greater Hyderabad Munic ...

Tihar conference room declared special jail for Sahara chief

The conference room of Delhi's Tihar jail has been declared a "special jail" which will be offered t ...

Related News

Using Jadeja as a strike bowler is disastr...

Legendary off-spinner Erapalli Prasanna today questioned India's logic behind ignoring Ravichandran Ashwin and termed team management's move ...

Pinki brings India's first boxing medal

Pinki Jangra brought home India's first boxing medal from the 2014 Commonwealth Games though she lost her women's 48-51 kg semi-final bout ...

ICC Rankings: Amla among top three Test batsmen in world

The latest Reliance ICC Player Rankings for Test Batsmen shows South Africa's Hashim Amla returning ...

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Rs. 27710 (Per 10g)

Opinion Poll
Do you think World Powers are powerless in preventing Israel's offences against Palestine?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, AP, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com