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Sunday, June 14, 2009

Alisher Usmanov Increased his Arsenal Stake to over 25%

Russian billionaire Alisher Usmanov has recently increased his stake at Arsenal from 24.02% to more than 25%. Recently, Usmanov’s Red & White Holdings confirmed the news in a statement, saying that the company is a long-term investor and supporter of the club and is now in a protected position. Reports out in the media claim that the Russian businessman might want to continue to increase his Arsenal stake up to 29.9%, but he seems not to have any interest of taking over the club wholly. Apart from Alisher Usmanov, there are some other big investors like Stan Kroenke in Arsenal board. Many Arsenal fans do not like someone from Russia to have full takeover of the London club.

This entry was originally published in February 2009.

Related article:

Guardian

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