Alisher Usmanov, says he is “not holding any talks” with majority Arsenal shareholder Stan Kroenke about selling his stake in the club.
It has been reported that Kroenke, who owns 67% of the shares, has made a bid to buy out Usmanov’s 30% stake.
“I see my 30% stake as an important aspect in protecting the best interests of the fans in the club,” he said.
The Uzbek made a £1bn bid in May to take control of the club, but it was rejected by Kroenke.
“My interest in Arsenal from the beginning was long term and my intention has always been to buy additional shares should they become available,” Usmanov said.
“I would like to assure supporters that I am open to various future scenarios – a constructive partnership with the majority shareholder, the purchase of his stake either alone or in a consortium, or if a party appears who shares my and undoubtedly the majority of fans’ vision for the club, I could consider the question of selling my stake.”