Russian Billionaire Usmanov Looks To Sell 30% Stake In Arsenal

Russian Billionaire Usmanov Looks To Sell 30% Stake In Arsenal

Uzbek-born Russian billionaire , Alisher Usmanov, has reportedly decided to sell his 30% stake in English Premier League club,  Arsenal after giving up hope of taking majority control of the club.

Usamov has made a number of attempts to buy out majority shareholder Stan Kroenke in the past, but the American turned down a $1.3bn (£991m) offer for his 67% stake in the club.

Kroenke has insisted that his shares in the Premier League outfit are not for sale, and the Financial Times reports that Usmanov has now given up hope of changing his mind.

The metalworks magnate is reportedly actively looking for buyers, but will refuse to sell his stake to Kroenke, who made a £525m offer for his 30% last summer.

Usmanov and Kroenke are understood to have disagreed over the direction of the club in recent years, with Usmanov claiming last summer that his presence was required to protect the best interest of the fans in the club.

COMMENTS

WORDPRESS: 3
  • Dr. Drey 5 months ago

    Oya….Egbon Dangote….over to you…!

  • MCPDP 4 months ago

    Oga do something, oga no be for mouth. Na Dangote, the self acclaimed Africa’s richest man and making mouth sey he go buy Arsenal. Start with 30% first. After you can go after the American’s shares. And.