Gunners board stand firm after meeting

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Football News
Arsenal has confirmed a "constructive meeting" had taken place with Farhad Moshiri of Red and White Holdings Limited, who now possess almost a quarter of the club´s shares.

The investment company, jointly owned by London-based Moshiri and Russian Alisher Usmanov, on Friday further increased their stake in Arsenal to 23%, consolidating their position as the second-largest shareholder behind director Danny Fiszman, who owns 24.11%.

A statement read: "The board of Arsenal Holdings wish to confirm that a constructive meeting took place between Peter Hill-Wood, Keith Edelman and Farhad Moshiri of Red and White Holdings Limited. Board members of Arsenal Football Club wish to reiterate their intention of retaining their shareholding in the club and have no intention of selling any shares."

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