American sports mogul, Stan Kroenke, is on the verge of a complete takeover at Arsenal after reports are confirming that after reaching deals with Danny Fiszman and Lady Nina Bracewell-Smith for control of 16.1% owned by Fiszman and 15.9% owned by Bracewell-Smith.
In total, Kroenke would control 62.89% of the London-based club. This would see Kroenke passing the 62% threshold, and under stock market rules, a takeover bid would be triggered. He has already agreed to terms for the remaining stock in the club which values the club at £731 million.
This would see the Gunners fall into the ranks of American-owned teams in the Premier League along with Manchester United, Liverpool, Sunderland and Aston Villa.
What started out as a 9.9% share in 2007 has blossomed into an enormous bid that has Kroenke promising to end Arsenal's trophy drought.
Here are some other stories from around the world to keep you informed on the going-ons overseas:
VAN GAAL SHOWN EXIT AT BAYERN MUNICH
Dutch manager Louis Van Gaal was axed by the German giants just 24 hours after their disappointing 1-1 draw with Nurnberg.
Last year, Van Gaal led Bayern to the Bundesliga title as well as the Champions League final. However, this campaign has been littered with setbacks and the former league winners now find themselves just outside the Champions League qualifying places.
In his stead, assistant manager, Andries Jonker, has stepped in to one of the biggest hot seats in world soccer.
Jonker's first match in charge will be against Bayer Leverkusen next Sunday at home in the Allianz Arena.
IBRAHIMOVIC SET FOR ANOTHER SUSPENSION
The big Swedish striker looks set to face yet another ban from play with AC Milan after his red card received over the weekend in Milan's 2-1 victory over Fiorentina.
Ibrahimovic, prone to being outspoken, was sent off on Sunday for insulting the linesman, who gave a throw-in against the Rossoneri.
In a press conference after the game, Ibrahimovic stated that the insult was not aimed at the linesman but at himself for failing to handle the ball properly against two opponents.
A one-game suspension is certain since his previous ban also carried a caution to which he on Sunday added a yellow card.
Two more can be handed for his dismissal, which would sideline him for games against bottom-feeders Brescia, Sampdoria and mid-table Bologna.
SANTA CRUZ WANTED BACK AT BLACKBURN
Roque Santa Cruz left Ewood Park in 2009 for the Eastlands at Manchester City, but has since returned on loan from City.
In his first stint with Rovers, the Paraguayan had a sensational run of form, netting 23 goals in 57 games. His move to City did not bring the same rewards as Santa Cruz was only able to net three goals in 20 appearances.
However, current Rovers boss, Steve Kean, has revealed that he would "love" to sign the striker on a permanent basis as Blackburn are involved in a large relegation battle in the Premier League.
RAFAEL SOLE INJURY DOUBT FOR UNITED
Manchester United are set to take on fellow British side Chelsea in a rematch from last week's hugely controversial Champions League game in London.
The penalty that never was (but probably should have been) saw Chelsea fall 0-1 courtesy of a Wayne Rooney strike in the first half.
The news gets better for the Red Devils as it has emerged that the only "serious" doubt for Tuesday's clash is 20-year-old defender, Rafael. The young Brazilian looks set to give up his spot to Irishman John O'Shea, who can be sure that Chelsea will put some significant pressure on him in the United back line.
