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Arsenal are reported to be the subject of a takeover bid possibly featuring a Russian billionaire.

According to the Sun newspaper, preliminary talks have been held in recent weeks with a group that may involve Oleg Deripaska, worth £4.8bn and said to be Russia’s sixth richest man. He is believed to have shown interest in the club in the past.

It is understood that the north London club’s price tag of £350m has deterred previous suitors – one made moves this summer – and may be putting off current investors.

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