The group, who did not want their identities revealed, have made their tantalising proposals public on the eve of Sunday's north London derby. They have issued a series of promises apparently designed to appeal to Arsenal's increasingly frustrated fan base – including "substantial transfer funds", wiping out the club's debts, reduced ticket prices and even an attempt to recreate "some of the feel of the old North Bank" at the Emirates Stadium.
A bid source, talking to the Sunday Telegraph, said the proposal involved making a cash offer for all 62,217 shares, the bulk of which are currently held by the majority shareholder, the American Stan Kroenke, and Alisher Usmanov, who has a 29.96% stake.
Kroenke would reportedly be offered around £830m for the 66.83% shareholding he has built up since 2007. Though understood to be reluctant to sell, the prospect of an approximate £400m profit could change his view.
Any deal, which would follow the recent takeovers of Manchester City and Paris Saint-Germain by Middle East backers, would raise more doubts over the future of Arsène Wenger, though the manager is reported to be "highly regarded" by the consortium.
A bid source told the paper: "Arsenal is at a pivotal position at the moment. The fear is that the club is facing a cycle of decline like Liverpool. From our point of view it is the perfect moment to make this bid because at this moment in time you can still genuinely justify this extraordinary valuation on the club.
"We will not bid for Arsenal if they go into decline. Kroenke and Usmanov will not get this kind of valuation if Arsenal do not succeed and will not get this kind of valuation ever again. We think that bidding now is the key because it is going to give every shareholder maximum value. We are giving them peak valuation.
"The amount of capital required to pump into Arsenal to make it competitive within England, Europe and the world means that the valuation cannot go any higher. "
Read More : Guardian.co.uk
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