The Middle Eastern group launching a takeover bid for Arsenal are set to suffer REJECTION from the club's owners.

The investors are prepared to offer American owner Stan Kroenke £20,000 a share and also want to buy Alisher Usmanov's stake.

But the Sunday Mirror says it is understood Kroenke is not looking to sell up and remains fully committed to Arsenal.

Sources close to Usmanov also insisted he is in it for the long-term as Arsenal's second largest shareholder and is not interested in cash incentives.

The wealthy American - reckoned to be worth £4 billion by the Forbes rich list - has told the club on several occasions that he is at Arsenal " for the long haul".

Kroenke has said the in the past that he does not want to sell - and the feeling inside The Emirates is that he will resist any temptation to sell to a so-far unnamed Arab consortium backed by funds from Qatar and the United Arab Emirates.