{"id":330068,"date":"2011-03-22T17:10:33","date_gmt":"2011-03-22T17:10:33","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/22\/usmanov-ups-arsenal-stake\/"},"modified":"2011-03-22T17:10:33","modified_gmt":"2011-03-22T17:10:33","slug":"usmanov-ups-arsenal-stake","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/22\/usmanov-ups-arsenal-stake\/","title":{"rendered":"Usmanov ups Arsenal stake"},"content":{"rendered":"
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Russian billionaire takes holding past 27 per cent<\/h3>\n

\n\t\t\t\t\t Last updated: 22nd March 2011\u00a0\u00a0 \"Subscribe<\/a> <\/p>\n<\/p><\/div>\n

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\t\t\t\"Usmanov<\/p>\n

Usmanov: Stake increased<\/p>\n

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Russian billionaire Alisher Usmanov has increased his holding in Arsenal to more than 27 per cent.\n<\/p>\n

Red & White Holdings Limited – which is jointly owned by Usmanov and Farhad Moshiri – made the brief announcement on Tuesday without disclosing any details as to the additional stock acquired.<\/p>\n

American Stan Kroenke remains the largest individual shareholder in the Premier League club, with 29.9%.<\/p>\n

Under the strict financial rules of the City, were any party to cross the 29.99% takeover threshold, they would be obliged to make a formal offer for the remainder of the shares.<\/p>\n

Committed<\/h4>\n

The news Usmanov – who unlike Kroenke does not yet have a seat on the Arsenal board – has continued his steady accumulation will fuel speculation that the Gunners are set for more changes behind the scenes.<\/p>\n

The Red & White group released a statement in April 2010 maintaining that a full-blown offer was not on their agenda and they remained ‘a committed long-term investor in Arsenal’.<\/p>\n

However, Usmanov was then quoted in December as saying that his objective was to bring up a ‘blocking state’ of 29.9%, and from that point ‘we will just keep looking’.<\/p>\n

Former director Lady Nina Bracewell-Smith put her family’s 15.9% stake up for sale in April, and these latest dealings could be the result of some minor tradings.<\/p>\n

Non-executive director Danny Fiszman, who controls 16% of shares, is the club’s other major shareholder.<\/p>\n<\/p><\/div>\n

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