Co-owner "Gunners" Stan Kronke wants to get a full stake in the London club.
At the moment, the American businessman - the owner of a controlling stake in Arsenal in the amount of 67%.
Nevertheless, this Kronke is small and he wants to get the rest of the shares, 30% of which belong to another billionaire Alisher Usmanov.
As reported by The Independent, Stan offered Usmanov 550 million pounds for his share, estimating the entire club in 1. 8 billion pounds.
In May last year, Alisher rejected an offer of 300 million pounds. Then Kronke estimated the club at 1 billion pounds.
It was previously reported that West Ham is ready to pay 4 million pounds for Arsenal striker Lucas Perez.