Belfast Telegraph

Saturday 2 August 2014

Russian businessman increases Arsenal stake to 21%

Russian businessman Alisher Usmanov has increased his shareholding in Arsenal to 21%.

The purchase means Usmanov's company is now the second-largest shareholder after Danny Fiszman, who has 24%.

He fight bought into Arsenal after paying former vice-chairman David Dein around €75m for his 14.65% holding last month.

Usmanov's move, announced to the Stock Exchange this morning and comes after a £2.6m investment in Arsenal shares yesterday.

Usmanov is now the club's second-highest shareholder behind Danny Fiszman, on 24%.

The club release their financial results on Monday. The move to the Emirates Stadium is expected to have helped them close the gap between themselves and Chelsea and Manchester United.

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