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Russian businessman increases Arsenal stake to 21%

Published 18/09/2007

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.

Belfast Telegraph

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