Alisher Usmanov has insisted he has no plans to sell his 30 per cent stake in Arsenal to majority shareholder Stan Kroenke, amid supporters' fears the Gunners were moving towards single ownership.
Reports have suggested Kroenke Sports Enterprise UK are set to offer some £525million to buy the 18,695 shares held by Usmanov's Red and White Securities Limited, but the billionaire has insisted he has not held any talks with the American.
Usmanov has once again stated he is not willing to part with his stake in the Premier League club, but the second largest individual shareholder has not been given a seat on the board and it appears unlikely that situation will change.