Premier League - Arsenal chairman: Takeover talk a waste of time

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

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Peter Hill-Wood (PA Photos)

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 £1.5 billion 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."

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