Russian set to increase stake in Gunners

Published Add your comment

Football News

Alisher Usmanov hopes to increase his stake in Arsenal to overtake Stan Kroenke as the club's main shareholder, according to reports.

The Russian billionaire currently owns a 27% share in the Barclays Premier League title contenders and hopes to buy another 2.9% in order for him to surpass American Stan Kroenke, who currently owns a 29.8% stake.

Should Usmanov succeed in increasing his share to 29.9%, he would still be left 0.1% short of the stake required to trigger an automatic takeover.

Usmanov and Kroenke have both been increasing their stakes in the club over the last few years and the Uzbekistan-born metals and mining tycoon did not rule out completing a full takeover of the Londoners today.

"Today, we have 27%. Our objective is to bring that up to a blocking stake of 29.9%," Bloomberg quotes Usmanov as saying on Russian state TV.

"And from there, we will just keep looking," he added.

"You can never tell about what happens in life."

Although Usmanov terms the increase a "blocking" stake, if he did increase his share to 29.9% he would just have a bigger say in the club's business dealings, rather than block any other party taking over the club.

Lady Nina Bracewell-Smith, one of the club's other two shareholders, put her 15.9% stake up for sale in April.

Non-executive director Danny Fiszman, who controls 16% of shares, is the club's other major shareholder.

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

Read more

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