Swedish billionaire Daniel Ek says he has had an offer to buy Arsenal rejected.
Amid the fallout from the European Super League collapse in April, Ek said he was interested in buying the club.
On Saturday, he released a statement on Twitter to deny reports he was yet to make an offer for the club.
"This week an offer was made to both Josh Kroenke and their bankers that included fan ownership, representation at board and a golden share for the supporters," Ek wrote
"They replied that they don't need the money. I respect their decision but remain interested and available should that situation ever change."
Ek is worth worth a reported $4.7bn (£3.38bn) and has Arsenal legends Thierry Henry, Dennis Bergkamp and Patrick Vieira as part of his bid team.
Swedish billionaire Ek first signalled his interest in the club following protests by Gunners fans against the Kroenkes for their role in the failed European Super League.
The Kroenkes responded by saying they were "100% committed" to Arsenal and "are not selling any stake".
