Usmanov keeps Arsenal options open

Published Add your comment

Alisher Usmanov, one of Arsenal's largest shareholders, is keeping all his options open as speculation over the ownership of the club intensifies.

Red & White Holdings is the investment vehicle for the Russian steel magnate, who has a 26.3% stake in the Gunners.

A statement said Red & White was "a committed long-term investor in Arsenal" which "retains all its options" and stressed that "no particular course of action is ruled in or out".

Arsenal's biggest investor, US billionaire Stan Kroenke, has a 29.98% stake in the club.

Lady Nina Bracewell-Smith has appointed a firm to sell her 15.9% stake in the Gunners.

If Kroenke or Usmanov bought Bracewell-Smith's stake it would take them over the 30% threshold which, under City takeover rules, requires them to make a formal offer for the business.

Arsenal shares are currently valued at about £10,000 each.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again