Usmanov increases stake in Arsenal

Football Clubs News | Football Finance News

Alisher Usmanov has purchased more shares in Arsenal, increasing his stake in the club to just over 26 per cent.

The Uzbeki billionaire bought into the English Premier League outfit in August 2007, when he acquired former vice-chairman David Dein's 14.65 per cent holding for about £75 million.

However, Stan Kroenke remains the largest shareholder at Arsenal, having taken his stake up to 29.9 per cent last month.

Under buyout regulations, the American businessman will be forced to launch a mandatory takeover bid at the Emirates Stadium if he crosses the 30 per cent threshold.

Kroenke was asked to clarify his plans for Arsenal at the club's annual general meeting in October, but opted not to address the gathered shareholders.

Speaking to the BBC in November, Harry Philp, managing director at sports financers and advisers Hermes Sports Partners, said: "If Kroenke is not intending a takeover it may well be that he is buying shares as an investment asset. He might see it as good value."

Written by Terry Mitchell

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