Worldwidefootball understands American Stan Kroenke, who owns 29.9 percent of Arsenals shares, is in talks with Danny Fiszman and Lady Bracewell-Smith about buying their controlling stake from them.
Fiszman owns 16.1% of the shares while Lady Smith owns slighty less at 15.9%. Should the deal go ahead it could cost Kroenke £225m (£11k a share)
This would mean Kroenke owns 62% of Arsenal and will then offer to buy the remaining shares and take complete control of the North London club.
Although some Arsenal fans are skeptical about the take over Kroenke has proven he is in this as a sports fanatic as well as a businessman.
Kroenke owns six teams back in the US and is now looking to expand into the English Premier League.
Kroenke (worth over £1.5bn) owns NFL side St Louis Rams, NBA Denver Nuggets, Colorado Avalanche from the NFL, MLS side Colorado Rapids, Lacrosse Colorado Mammoths and Colorado Crush (Arena Football).
Arsenal fans, the take over could be completed by the end of the week, do you see this as a good thing to happen to your club?
Let us know by emailing jaymoe26@gmail.com or twitter @jamiemason76
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