Articles

23rd June 2011

Alisher Usmanov increases Arsenal stake beyond 29%

Arsenal shareholder billionaire Alisher Usmanov has increased his shareholding in Arsenal to over 29%.

Usmanov's Red and White Holding company said in a statement: "Red & White today announces that it now holds a stake of over 29% in Arsenal Holdings plc."

American businessman Kroenke's holding in Arsenal currently stands at 66.1%.

The Premier League approved a takeover bid from Kroenke last month after Kroenke had already  bought the stakes of Danny Fiszman (16.1%) and Lady Nina Bracewell-Smith (15.9%) for a fee of about £234m.

However, Usmanov has insisted that he will not sell his shares to the American, as have the Arsenal Supporters' Trust, which owns some of the remaining shares.

Usmanov  originally bought into Arsenal in August 2007, when he paid former vice-chairman David Dein about £75m for his 14.65% stake and then in December 2009, Usmanov raised his stake to just over 26%.

 

Back to Articles

Recent News

Roman Abramovich gives his teenage daughter a £4m 'starter home'

According to reports, Roman Abramovich has given his teenage daughter Anna a relatively modest £4million mews cottage in Belgravia. The 19-year-old is moving into the three-bedroom cottage after splitting from solicitor fiancé Nikolai Lazarev. The cottage is the former home of the family's nannies and is co-owned by Roman and his ex-wife Irina, whom he divorced in 2007. Anna, who...

UK ticketholder wins record £161 million on Euromillions

With odds of 116 million to one the lucky ticket holder, who has not been identified, will now become the 430th richest person in the country if they are not a member of a syndicate. A spokeswoman for Camelot said: "This is amazing news – we are absolutely delighted that a UK ticket holder has scooped the entire €185 million jackpot, which at the current exchange rate is a massive...