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Ivan Gazidis has £5.5m Arsenal safety net if a change in ownership means he leaves the Emirates Stadium

Arsenal chief executive Ivan Gazidis will benefit to the tune of more than £5.5million if a change of ownership leads to his departure.

The revelation of a massive safety net for Gazidis, already one of the best paid club officials in English football, comes after majority shareholder Stan Kroenke turned down a £1billion takeover offer from Alisher Usmanov.

Kroenke has made it clear he is not selling but Usmanov's bid highlights the uncertainty surrounding Arsenal, with the future of manager Arsene Wenger still unclear ahead of Saturday's FA Cup final against Chelsea.

Ivan Gazidis will benefit from more than u00a35.5m if a change if ownership means he leaves
Ivan Gazidis will benefit from more than £5.