Arsenal have been in the news all week after a consortium led by Spotify CEO Daniel Ek revealed plans to purchase the club.
Thierry Henry, Dennis Bergkamp and Patrick Vieira were all involved in a big-money venture to oust current owners Kroenke Sports Enterprises and take over in north London.
Stan Kroenke isn't the most popular figure among Gunners fans and his support has hit rock bottom in recent weeks following the club's doomed European Super League venture.
But despite being out of favour at Arsenal, Kroenke has absolutely no intention of selling the club.
His son Josh made this clear during a Fans' Forum event last Thursday in which he explained his company is not looking to sell the Premier League giants under any circumstances.
Stan doubled down on this stance in a statement released on Tuesday afternoon.
The news will likely come as a disappointment to some fans, but Stan has made it clear that he wants to see Arsenal start competing for trophies once again.
And he has promised to hand boss Mikel Arteta a war chest this summer transfer window in order to make this happen.
In the statement, Kroenke said: "In recent days we have noted media speculation regarding a potential takeover bid for Arsenal Football Club. We remain 100 per cent committed to Arsenal and are not selling any stake in the Club.
"We have not received any offer and we will not entertain any offer. Our ambition for Arsenal remains to compete to win the biggest trophies in the game and our focus remains on improving our competitiveness on the pitch to achieve this."
Rumours emerged earlier this week that Ek's takeover of Arsenal could see a statement purchase made, with Dortmund forward Erling Haaland's name thrown into the mix.
The transfer is highly unlikely for a number of reasons, with Ek worth considerably less than Kroenke and Arsenal not currently in a position to offer the Norwegian Champions League football.
What's more, the takeover bid is now officially dead in the water following the above statement.
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