Arsenal's second-largest stakeholder, Alisher Usmanov, has revealed he is not looking to sell any of his shares in the club to Stan Kroenke at this time.
Amy Lawrence of the Guardian reported that Kroenke, who owns 67 per cent of the Gunners, had made a £525 million bid for Usmanov's 30.4 per cent holding in the club.
In response to those reports, the 64-year-old has insisted he is not seeking to negotiate with Kroenke though admitted he may sell his shares to the right bidder further down the line, per Dan Roan of BBC:
As Lawrence noted, the poor working relationship and stalemate between Arsenal's two biggest investors isn't an ideal situation for the Gunners.