The two shares – bought for £16,500 each by an mystery investor – mean Arsenal would be valued at £1.1 billion according to The Daily Mail.
Stan Kroenke, the American majority shareholder and owner of 66 per cent of the club, and Russian tycoon Alisher Usmanov, owner of 29.95 per cent, are not believed to be involved in the costly purchase.
Usmanov has been looking to increase his share in the club to 30 per cent and has an opportunity to buy shares for £14,000.
The £16,500 is £5,000 more than the mandatory offer Kroenke made to shareholders last April, when he took control of the north London club.
Should Usmanov increase his holding to 30 per cent, he will become liable for the Premier League's fit and proper persons test.
This would force the hand of the Arsenal board to give him director status contradicting attempts to freeze him out at board level.
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