Speculation over whether Arsenal will be taken over by billionaire Alisher Usmanov has grown after the Russian increased his stake in the London football club to 21 per cent.
Arsenal’s chair, Peter Hill-Wood has already declared that the club’s key shareholders had no intention of selling, but Usmanov’s Red & White Holdings vehicle now has the second largest stake after Danny Fiszman, a non-executive director at Arsenal, who holds 25 per cent of the shares.
David Dein, former vice-chair at Arsenal, sold his shares to Usmanov for £75m in April, when he left the club after reported boardroom differences over investment possibilities. Dein is now chair of Red & White Holdings, adding fuel to the fire that a takeover may be on the cards.
If Arsenal does get taken over, it will be the latest in a raft of Premier League teams to have been acquired by foreign investors.
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