Usmanov increases Arsenal stake
Russian billionaire Alisher Usmanov has upped his stake in Arsenal to become the club’s second largest shareholder.
Red and White Holdings Ltd, which is co-owned by Usmanov and business partner Farhad Moshiri, now have 21%, with Danny Fizman possessing 24%.
Arsenal chairman Peter Hill-Wood has said the club’s major shareholders have no intention of selling their stakes.
Usmanov first bought into Arsenal in August when he paid David Dein around £75m for his 14.65% holding.
Former vice-chairman Dein left the club in April over differences with the board over investment possibilities, with American businessman Stan Kroenke’s potential involvement thought to be the main sticking point.