Usmanov ups Arsenal stake

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Football News
Russian Alisher Usmanov has further increased his stake in Arsenal to 23%, it was announced on Friday morning.

The purchase is estimated to have cost the billionaire in the region of £6million at some £10,000 a share as his investment company Red and White Holdings Limited have upped their holding by around 2%.

A statement read: "Red and White Holdings Limited (´Red & White´) announces, in accordance with its intentions stated on the 30th August, that it has increased its shareholding and now holds a 23% stake in Arsenal Holdings plc (´Arsenal´)."

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