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"KSE is a committed, long-term investor in Arsenal and will
remain so," KSE UK said in a statement, adding that its shares
in the club have never been for sale.
Alisher Usmanov, a Russian billionaire who owns 30 percent of
Arsenal, made the $1.3 billion offer in a letter to American
billionaire Kroenke, who controls 67 percent of the club, the
Financial Times reported on Friday.
Kroenke's business and sports empire also includes the U.S.
Denver Nuggets basketball team and the Rams American Football
team.
Arsenal fans have been disappointed by the team's performances
this season and manager Arsene Wenger said last week that a
decision on his future will be made at a board meeting following
the FA Cup final against Chelsea on Saturday.
Arsenal failed to clinch a top-four place in the Premier League,
which will have a significant financial impact as they have not
qualified for the lucrative European Champions League for the
first time in 20 seasons.
(Reporting by Arathy S Nair in Bengaluru, editing by Ed Osmond)
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