The group, made up of investors from Qatar and the United Arab Emirates, hope to tempt owner Stan Kroenke with the world record sum, reports the Sunday Telegraph.
But the group warned that Arsenal, currently fifth in the Premier League and three points behind fourth-placed Spurs, must act quickly amid fears that the club miss out on a Champions League place and fall into a cycle of decline like Liverpool. A defeat to Tottenham today will leave their top four hopes hanging by a thread.
A meeting has already been reportedly been requested with the American to discuss the proposed offer. The seriousness of the bid is reinforced by the recent successful takeovers of Manchester City and Paris St-Germain by Middle East backers.
Will it be all over today for Arsenal and this mooted takeover? Can Wenger guide them to a top four finish? Give us your shout below...