Alisher Usmanov has made a £1bn bid to buy out the majority shareholder at Arsenal.
It is understood majority shareholder Stan Kroenke has yet to formally respond to the offer, but it is expected he will reject it.
Usmanov currently owns a 30 per cent stake in the club and has a personal fortune of around £11.2bn.
He has now made this bid in an attempt to take full control of the club – something that, whilst unlikely, could potentially mean huge change at Arsenal.
Change is certainly something the fans have been calling out for at the Emirates.
What kind of change Usmanov would bring to the club is unknown, but it is expected that if his bid is rejected, we may well see another bid put forward.
Arsenal find themselves at the tail end of a very difficult season, with fans disappointed by the performances of both players and the manager.
Whilst Arsenal are in the FA Cup final, where they will face the Premier League champions Chelsea, they are still fighting to secure a Champions League finish – something they could still miss out on.
What this change will mean for Arsenal if it goes through remains to be seen, but is certainly a huge development in the ongoing Arsenal story this season.