Arsenal major shareholder Alisher Usmanov feels the club is underperforming commercially.

The Uzbek billionaire gave a rare television interview this morning.

He told CNBC: "If I have big stake in Arsenal of course I have my opinion what we must do, for example in the commercial side there are many questions over the effectiveness of commercial side of Arsenal today. But we will see we will wait and may be when I wake up some day I have this Arsenal club.

"The cycle of big money might change tomorrow in football. Everything has a limit, and this cycle of development (rising wages and transfer fees) may come down."