Gunners remain defiant despite meeting

Arsenal insist the club’s board members have no intention of selling their shareholding despite admitting a “constructive meeting” took place with Farhad Moshiri of Red and White Holdings Limited, who now possess almost a quarter of the club’s shares.

The investment company, jointly owned by London-based Moshiri and Russian Alisher Usmanov, yesterday further increased their stake in Arsenal to 23%, consolidating their position as the second-largest shareholder behind director Danny Fiszman, who owns 24.11%.