Usmanov wants bigger stake in Arsenal
Russia’s richest man Alisher Usmanov has admitted he is keen to up his stake in Arsenal by acquiring further shares in the club.
Usmanov, who controls 30 percent of the north London side with his business partner Farhad Moshiri, will seek to boost the stake, according to an interview broadcast on state television.
The 58-year-old oligarch is rated as the 35th richest person in the world and has previously been critical of Stan Kroenke’s current regime for what he sees as a lack of investment in the playing squad.
“When we invest in domestic sports – we do not expect an immediate return. We are prepared to wait for trophies and big successes”, Usmanov said in an interview with the Rossiya 24 channel.
“But the “Arsenal” – this is a real business. It generates about two hundred million dollars in revenue.
“This is a club that is worth more than a billion dollars today. When we bought it, it was worth about half. I am very pleased with our investment. And in any case, I will increase it [his stake in the club].”