Alisher Usmanov isn’t about to spend the £600m he made through selling his Arsenal shares to buy Charlton Athletic, according to his spokesperson.

Usmanov finally gave in and accepted an offer from Stan Kroenke for his stake in Arsenal last month, after seemingly coming to the realisation that he would never convince the American to let go of the club. There were some reports he might buy into Everton, but he seems to have decided against that too.

According to the Mirror, Usmanov was looking at League One club Charlton, who are having ownership problems of their own. Roland Duchatelet admitted this week that investing in the club was a mistake, and the fans are certainly in agreement with that sentiment.

He reportedly wants around £20m for the club, which is hardly a drop in the ocean for Usmanov.

However, Usmanov’s team have spoken out to deny the rumours. They told CNBC that the former Arsenal shareholder has no plans to bid for Charlton Athletic. It’s still perfectly possible he makes a move to invest elsewhere in English football, but not for the Addicks.