Arsenal chairman Peter Hill-Wood believes their ownership structure is ideal.
Hill-Wood joined the board in 1982 and is 75 next month, but the former vice-chairman of Hambros Bank has no plans to retire.
He told the Daily Star: "If some bloody Russian wants to buy the place and everyone else wants to sell, then, okay, I will go and grow tomatoes in Kent.
"But if you have a benefactor and he gets run over by a bus, you are gone. We have got to have 50,000 people run over by a bus before we have a problem."