Arsenal majority shareholder Stan Kroenke is committed to the club in the long term according to his representatives, who have been forced to speak following news the American was approached by fellow shareholder, Alisher Usmanov to sell his 67% stakes.
Kroenke has shown no interest in a £1bn bid by Uzbek-born Russian Usmanov to take full control of the Gunners.
It is understood the American’s ambition is to win the Premier League and make Arsenal a force in Europe per BBC.
Gunners legend Ian Wright says the club needs the spending power of a billionaire such as Usmanov, adding that “something has to change”.
“He has put in the bid and it is great news,” former striker Wright told BBC Radio 5 live.
“Something has to change, whether it is the manager Arsene Wenger or whether it is the board upstairs.”
Arsenal need other teams to slip up in Sunday’s final round of matches to avoid missing out on Champions League qualification for the first time in 21 years.
Wenger, who has been manager since 1996, has been the target of protests from some of the club’s fans.
The 67-year-old Frenchman’s future at the club will be decided at a board meeting after Arsenal meet Chelsea in the FA Cup final on 27 May.
Culled from BBC Sport