With another bid for control of Arsenal reportedly being rejected this week, we’re taking a look at the current situation the club are in.

Stan Kroenke was rumoured to have bid £525m for Alisher Usmanov’s shares in the club, which would have given him 97% control of the club, enough to force the remaining 3% to sell. However, Usmanov released a statement to say he’s not in any sale talks, seemingly putting an end to the rumours for now.

So what else do we know?

Who owns Arsenal?

At this point, mostly just Stan Kroenke, with a 67.05 per cent stake, and Alisher Usmanov, with 30.04 per cent.

The remaining 2.91 per cent, 1,803 shares in total, are owned by a number of minor shareholders.

If either Kroenke or Usmanov bought out the other, they would be able to assume full control of the club.

Both clearly have the financial capacity to do so, as they are each valued at well over the £2bn valuation of the club, but right now they don’t seem willing to sell.

The Standard quotes Kroenke Sports and Entertainment as saying Kroenke is “a committed long term investor in Arsenal and will remain so”, in May.

Meanwhile Usmanov’s statement says “my interest in Arsenal from the beginning was long term…I am not holding any talks with Mr Kroenke about a sale”.

So right now, it seems like neither is willing to move on.

Next, why can’t they work together?

Why can’t they work together?

Usmanov believes he represents the voice of ignored fans, who call for Wenger to be held to a more stricter account. He also wants Arsenal’s owners to contribute more in terms of financial investment.

Meanwhile, Kroenke is focused on keeping the club self-sustainable, and has shown time and again that he thinks Wenger is worthy of new contracts with the Gunners, regardless of the variations in performance by the team.

Until they find some common ground over these disagreements, and Usmanov is allowed a place on the Arsenal board, it’s unlikely that they’ll be able to work as a team to move the club forward.

A partnership between the two probably wouldn’t go down too well anyway, as the majority of fans seem to be unhappy with Kroenke playing any part with the Gunners.

There were chants of “Stan Kroenke, get out of our club” at the Emirates at the end of last season, and until the fans see real investment in top players, that’s unlikely to change.

Next, who else could get involved?

Who else could get involved?

Once again referring back to Usmanov’s statement on Wednesday, he says: “If a party appears who shares my and undoubtedly the majority of fans’ vision for the club, I could consider the question of selling my stake.”

So there’s certainly a possibility that someone else could buy the shares from Usmanov, but presumably only if Kroenke was willing to sell as well, otherwise the deal would be relatively pointless.

The Standard link Nigerian Aliko Dangote with a move for control, as he has spoken in the past about his desire to take over. However, that reportedly won’t happen until his company completes work on an oil refinery in Lagos.

So that’s where we’ve got to, for now.

Neither owner is willing to sell to the other, the fans probably wouldn’t be happy if they did, and third-party options seem like they’re far off in the future.

I think we may have to wait a while before anything changes unless Ivan finally finds where he put the catalyst he promised us.