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Thursday 18 September 2014

Hill-Wood unaware of possible takeover

Published 08/03/2013 | 07:01

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Peter Hill-Wood is not expecting a takeover approach at Arsenal

Arsenal chairman Peter Hill-Wood has denied any knowledge of a takeover of the Barclays Premier League club by interests in the Middle East.

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American Stan Kroenke and Russian Alisher Usmanov are the major shareholders in the Gunners and Hill-Wood does not expect either to be keen to sell their interest.

Of a possible £1.5billion takeover, Hill-Wood said: "I have heard nothing and I don't think anybody knows anything about it at the club. It all seems a bit of a waste of time."

He added: "If there is this consortium, they can't make any progress unless they attempt to get in touch.

"So I can't say if there is anything to it or not.

"But even if they did make an approach, my understanding is our two major shareholders do not want to sell."

Press Association

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