Gulf investors may bid USD2.3bn for Arsenal

DUBAI, March 3 (Reuters) - A Middle Eastern consortium is poised to bid 1.5 billion pounds ($2.3 billion) for full ownership of Britain's Arsenal Football Club in the biggest-ever takeover of a soccer team, The Telegraph newspaper reported.

The bid is likely to be mounted in the next few weeks, seeking to buy out the current majority owner, U.S. sports investor Stan Kroenke, the British newspaper said.

The Middle Eastern investors do not want to reveal their identities yet but will be backed by funds from Qatar and the United Arab Emirates, the newspaper reported late on Saturday without naming its sources.

Read more: http://www.zawya.com/story/Gulf_investors_may_bid_USD23bn_for_Arsenal_report-TR20130303nL6N0BV0M52/