ARSENAL bigwig Stan Kroenke is refusing to entertain any bids for the club from rival Alisher Usmanov.
The Uzbek businessman launched a £1billion offer to take a controlling stake in the Gunners but is set to be frustrated.
A statement released by Kroenke Sports & Entertainment (KSE) this morning confirmed earlier reports that the shares were not on the market.
It read: “KSE UK, Inc notes the recent media speculation concerning its shareholding in Arsenal Holdings PLC and confirms its shares are not, and never have been, for sale.
“KSE is a committed, long term investor in Arsenal and will remain so.”
Reports have suggested 63-year-old Usmanov – who is worth an eye-watering £11.2bn from mining and investments – is prepared to increase his offer and value the club at £2bn.
He currently owns a 30 per cent stake in the club but has little to no say in the day-to-day running which is controlled by Kroenke.
The American, 69, has a 67 per cent stake allowing him near total control at the Emirates.
And Usmanov has been highly critical of his rival – claiming he and not Arsene Wenger is to blame for this season’s troubles.
Kroenke, however, is under no pressure to sell and is digging his heels in, with the Financial Times reporting a deal is extremely unlikely even before today’s statement.