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As featured on NewsNow: Football news

Usmanov increases Arsenal stake

Russian billionaire Alisher Usmanov has increased his stake in Arsenal.

Usmanov's 'Red and White Holdings' have raised its holding in the London club to more than 29 per cent.

This indicates that Usmanov is looking to increase his influence at the Emirates Stadium as rival investor Stan Kroenke controls 67 per cent of the club.

Reports today stated that Usmanov and his business associate Farhad Moshiri have now upped the ante from 28 per cent.

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Andrew Slevison
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Andrew Slevison

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