Usmanov doubts whether Gunners have enough spending power

Arsenal’s second-biggest stakeholder Alisher Usmanov still has doubts as to whether the club have enough cash to support Arsene Wenger.

The Russian tycoon’s proposal for a rights issue of new shares to generate cash for new signings has been rejected by the Gunners’ board, after which Usmanov’s company Red & White Holdings warned they would keep the situation “under close review”.