Amid wide speculations about a possible Arsenal’s takeover by a UAE consortium is ruled out by the club’s spokesman citing his major stock holder Stan Kroenke is nowhere interested in selling his stake in the EPL club. Two of the biggest English newspapers recently reported that an Arab based consortium has offered almost double amount to take full control over Gunners. Moreover, reports also mentioned that consortium is even ready to bring major changes in the club by reducing ticket prices and selling players to increase its cash reserve. Recently, Arsenal behavior was widely criticized over its tickets price policy by fixing more than double amount for its home matches. Arsenal is reportedly having debts over 250 million and if such a deal takes place, it would have much cash reserves to clear all its debts coz the expected price being offered by consortium is around 1.5 billons. Since, all these rumors are based on media reports; no definite confirmation has been made ether from … [Read more...]