Arsenal shareholder Alisher Usmanov wants to introduce a new share issue.

The Daily Mail says Oligarch Usmanov, who has a 25 per cent shareholding but no director's position, has offered to fully underwrite the initiative - guaranteeing to buy all shares that are not sold - which will need the full support of the club to work.

The Usmanov plan, recently outlined to the club hierarchy, is due to be discussed at the next board meeting. Arsenal's influential Supporters' Trust have joined the debate in a meeting with the club and Usmanov is keen for their backing.