Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Arsenal shareholder battle hots up

Thu 24th Mar 2011 | Clubs Ownership

Alisher Usmanov, the Russian billionaire has reportedly upped his stake in Arsenal to 'over 27per cent'.

The announcement by Red & White Holdings Limited on Tuesday revealed they had upped their stake but did not give any details as to the additional stock acquired.

It is likely that the increase will urge Stan Kroenke, the largest individual shareholder in the Barclays Premier League club, with 29.9per cent to up his stake.

If Kroenke were to do so, under the financial rules of the City, should he cross the 29.99per cent takeover threshold, he would be obliged to make a formal offer for the remainder of the shares.

Speculation has been rife over the last year as to as to whether Usmanov or Kroenke would increase their stake enough to launch a full takeover bid.

However, during April 2010, the Red & White group released a statement maintaining that a full-blown offer was not on their agenda and they remained 'a committed long-term investor in Arsenal'.

Lady Nina Bracewell-Smith, whose family owns a 15.9per cent stake, put their shares up for sale in April, and these latest dealings could be the result of some minor tradings.


Non-executive director Danny Fiszman, who controls 16per cent of shares, is the club's other major shareholder.

Arsenal Supporters’ Trust established since 2003 has more than 750 members who collectively speak for approximately 3% of the club’s equity. Approximately 12% of the Club’s equity is owned by small shareholders.

Arsenal’s half year financial figures revealed a loss after tax of £2.5m for the second half of 2010 compares to the profit of £29.2m the club made during the same period in 2009.

Commenting on the figures chairman Peter Hill Wood said; “We continue to operate as a self-funding Club. This brings its own challenges in an increasingly competitive environment but provides the platform for a secure and positive long term future.”

--------------------------------------------------------------------------------------------------- 

Advertisement - KABA Turnstiles


RETURN TO LATEST NEWS SECTION

 

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...

Leyton Orient purchased by business consortium headed by Nigel Travis, a life-long fan of the club

Fri 23rd Jun 2017 | Clubs Ownership

Leyton Orient Football Club has announced that it has been purchased by a business consortium Eagle Investments 2017 Limited, headed by British-born Nigel Travis, 67, the Chairman and CEO of Dunkin'...

Massimo Cellino Leaves Leeds After Takeover

Wed 24th May 2017 | Clubs Ownership

Andrea Radrizzani has completed his takeover of Leeds United after purchasing Massimo Cellino’s 50% stake in the club. Radrizzani, who purchased 50% of the club in January, has acquired the...

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...