Arsenal manager Arsene Wenger will not allow himself to get overly concerned by the battle for boardroom power, as long as it never interferes with his job.
Russia-based Alisher Usmanov's Red & White Holdings group announced on Friday they had increased their stake in the Barclays Premier League club to 26.07%.
American Stan Kroenke remains the largest individual shareholder, last month moving a small step closer to the takeover threshold when he bought another 10 shares to move to 29.9%.
Under City rules, anyone crossing the 30% takeover threshold would be obliged to make a formal offer for the remainder of the shares at the highest price paid for stock during the past 12 months.
However, shareholders would not be forced to sell, so if the prospective buyer was unable to secure 50% of the shares, they could not make another takeover offer for 12 months unless invited to do so by the company.
It has been suggested the continued investment by Kroenke - who is already an Arsenal director- is designed to fend off possible aggressive moves by Usmanov.
While Kroenke is a board member and must announce any new purchase to the Stock Exchange PLUS Market, where Arsenal's parent holding company are listed, Usmanov's group are only obliged to do so when they cross certain thresholds.
The last public disclosure from Red & White came in February, when they held 15,555 shares. The total is now 16,223, with Usmanov understood to have paid in the region of £5.6million to increase his holding.
Arsenal are currently third in the Premier League table, eight points behind leaders Chelsea ahead of Sunday's trip to Liverpool but with a game in hand and through to the knockout stages of the Champions League after topping their group.
Wenger has always tried to maintain a distance between matters on the pitch and events behind the scenes.
He said: "It looks at the moment there are two main people fighting for the ownership of the club, Mr Kroenke and Mr Usmanov, because they are active on the market.
"Who will get the ownership, I don't know. I am like you, I don't know more than you about that and do not want to interfere.
"It is very difficult for me to be involved in that. It is very important that the club focuses on winning football games.
"As long as I can work as I want to, that is the most important thing."
