Usmanov refusing to sell shares to Kroenke

Alisher Usamanov (Small)

By Andrew Warshaw

April 13 – Russian billionaire Alisher Usmanov is refusing to sell his stake in Arsenal, seemingly determined to stop majority owner Stan Kroenke from gaining any further control of the Premier League club.

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David Owen: Arsenal takeover might be good news for Russian Olympians

David Owen

The link might not be immediately apparent.

But this week’s move by US businessman Stan Kroenke to take his stake in Arsenal, the underachieving English Premier League football club, to 63 percent while agreeing a mandatory offer for the rest of the shares could turn out to be good news for Russia’s underachieving Olympic athletes.

Why? Because Arsenal minority shareholder Alisher Usmanov may sooner or later be in line to receive a very large cheque.

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