Tom Werner has denied a report that Liverpool has rejected an offer of £1.5 billion to buy the club.

According to an Abu Dhabi news outlet, a group led by Amanda Staveley recently bid an initial £1.2 billion to buy Liverpool with the potential to raise £300 million more.

The report claimed the deal was "killed at the eleventh hour" by Fenway, but Werner said there was no truth to the "rumours."

"We have better things to do than batting down rumours about negotiations with Ms Staveley," Werner told the Liverpool Echo. "However, there's no truth to them."

Staveley played a role in the sale of Manchester City to Sheik Mansour.

Stan Kroenke has offered Alisher Usmanov nearly £525 million ($695 million) to buy out his share of Arsenal.

Usmanov has made several attempts to take control of Arsenal from Kroenke. 

Kroenke owns 67% of Arsenal while Usmanov has a 30.4% stake. The remaining shares belong to minority shareholders that have owned them for years. 

Usmanov has never been able to secure a seat on the board or influence any decisions.

If Kroenke is successful in buying out Usmanov, he could force out the remaining minority shareholders and could make Arsenal a privately owned business.