£1 billion price tag for Arsenal

Arsenal have been valued at close to £1 billion and a stand-off between Uzbek businessman Alisher Usmanov and American sports mogul Stan Kroenke is expected to ensue. Lady Nina Bracewell-Smith wants to sell part or whole of her 15.9% stake, valued at £80 million.

The insider said: "The shares are now worth £10,000 each. That would mean the shares alone would be valued at £650 million, and the club is carrying debt close to £300 million. That puts a price on Arsenal of almost £1 billion.