Date: 3 months ago   Category: Sport

Usmanov will sell a share in Arsenal to the main owner of club — Rambler News Service


Photo: Ramil of Sitdikov/RIA Novosti of Red and White Securities of the Russian businessman Alisher Usmanov has agreed to sell the share in the London Arsenal Football Club of the KSE company belonging to the American businessman and the main owner of club Stan Kroenke, it is said in the statement of KSE at the London exchange. According to Financial Times, the cost of the transaction will be 550 million pounds sterling ($712,76 million). Usmanov has acquired 14,6% of shares of Arsenal in 2007. At the beginning of 2016 he has increased the share to 30%, having redeemed a package of the business partner Farkhad Moshiri. The American businessman Stan Kroenke has also entered the capital of club in 2007, the main owner he became four years later. Now Kroenke owns 67% of a share in club. In May, 2017 FT reported that Usmanov intends to redeem a controlling stake for $1,3 billion.

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