Kroenke rejects Arsenal bid

Posted online May 23, 2017 | 11:42 am

Stan Kroenke rejected a $1.3 billion bid for his Arsenal soccer team, The Associated Press reports.

Russian billionaire Alisher Usmanov, who submitted the bid, is said to be still be interested in the potential acquisition.

Usmanov has built up a 30 percent stake in Arsenal since 2007.

Read more from The Associated Press.

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