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Usmanov increases his stake in Arsenal FC

Thu 15th Apr 2010 | Clubs Ownership

Alisher Usmanov has reportedly increased his shareholding in Arsenal.

According to Sky Sports news, the Russian steel magnate has bought another 37 shares in the Gunners, at a cost £10,500 each, to strengthen his position at the club.

The Arsenal shareholding of Usmanov's investment company, Red & White Holdings, has therefore risen from 26.29 per cent to 26.31%.

Usmanov's activity is likely to increase speculation that he is plotting a takeover bid for the Premier League club after reports that Lady Nina Bracewell-Smith has appointed a firm to sell her 15.9% shareholding.

The prospect of US billionaire Stan Kroenke upping his 29.98 % stake appears unlikely after the sports tycoon said he planned to take full ownership of the St Louis Rams American football team.

Kroenke already owns the NBA's Denver Nuggets, the NHL's Colorado Avalanche and Major League Soccer's Colorado Rapids.

Earlier on Wednesday, Gunners chairman Peter Hill-Wood revealed that Barcelona have offered assurances that they will not submit a summer bid for Cesc Fabregas.

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