Usmanov's Red and White Holdings has always been shut out of a seat on the Board even though they own 30% of the club, which has long angered the minority owner.
Stan Kroenke has insisted Arsenal are not for sale and reaffirmed his position as a "committed, long term investor".
Russian businessman Alisher Usmanov wants to buy Arsenal and has launched a Â£1billion bid to acquire majority shareholder's Stan Kroenke's 67 per cent stake in the club.
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Usmanov, who is excluded from the board, has claimed a lack of investment from Kroenke has hurt on-field results and he would love for the supporters to consider him as the potential answer.
Uzbekistan-born Usmanov owns 30 percent of Arsenal League club and is said to have recently made the offer in a letter to American sports entrepreneur Kroenke, who controls a 67 percent stake.
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The future of manager Arsene Wenger also as yet remains unresolved. But they should not question it, I am professional, as long as I am somewhere I do my job until the last day.
Arsenal fans hold up a banner against Arsenal's majority owner Stan Kroenke during the English Premier League football match between Arsenal and Everton at the Emirates Stadium in London on May 21, 2017.
'Arsenal fans have been waiting for the board or Mr Kroenke to clarify a lot of topics this season and Arsenal fans are still waiting for that.
Given Arsenal are poised to miss out on UEFA Champions League qualification for the first time since Wenger took charge, there will be pressure to invest heavily in the team this summer.
"Overall I believe we played since January in a very hard environment for different reasons", Wenger said.
Other bidders are thought to be ready to make a move for Kroenke's share in Arsenal and Usmanov could return with a more substantial bid. He's not at fault if we didn't reach the Champions League, it's the technical department who are responsible for that.