Arsenal's majority shareholder, Stan Kroenke, has made an offer to buy the whole of the club in a deal that would value the Gunners at £1.8bn.
The American billionaire owns 67% of Arsenal through his company KSE, which says Alisher Usmanov has agreed to sell his 30% stake in the club.
The buy-out announcement was made to the London Stock exchange on Tuesday.
Kroenke believes taking the club private will help the club achieve success.
More to follow.
Source: bbc.com