Bernie Ecc possibly trying to destroy soccer by buying a team. I love his reasoning.

Formula One supremo Bernie Ecclestone denied on Saturday having talks with Arsenal about a possible takeover -- but said he was always open to offers.

"I don't know too much about that, actually," the billionaire told Reuters at the European Grand Prix when asked about a report in the Mirror newspaper suggesting he could be interested in the Premier League club.

"It's good if somebody is saying that, because maybe I will be approached and maybe it will be cheap," added the 76-year-old, who considered buying into Chelsea before the arrival of Abramovich.

"I'll buy anything if it's cheap enough," he said.

"If somebody offers me something that I think is good value, I'll have a go."