Usmanov ups Arsenal stake

Russian Alisher Usmanov has further increased his stake in Arsenal to 23%, it was announced this morning.

Russian Alisher Usmanov has further increased his stake in Arsenal to 23%, it was announced this morning.

The purchase is estimated to have cost the billionaire in the region of £6m at some £10,000 a share as his investment company Red and White Holdings Limited have upped their holding by around 2%.

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