THERE was a dramatic development in the battle for control of Arsenal last night after it emerged that the Gunners’ third largest shareholder Lady Nina Bracewell-Smith is poised to sell her stake in the club.

Arsenal today moved a step closer towards a takeover when the club’s third-largest shareholder reportedly began the process of selling her stake.

Arsenal manager Arsene Wenger will go into this weekend’s Barclays Premier League clash with Manchester United with no fresh injury worries.

Arsenal tonight confirmed a "constructive meeting" had taken place with Farhad Moshiri of Red and White Holdings Limited, who now possess almost a quarter of the club's shares.

Russian Alisher Usmanov has further increased his stake in Arsenal to 23%, it was announced this morning.