Usmanov will not sell Gunners stake

Russian billionaire Alisher Usmanov insists he will not sell his stake in Arsenal after fellow shareholder Stan Kroenke triggered a mandatory buyout offer for the club.

American businessman Kroenke secured a 62.89% controlling share in the club earlier this week after agreeing to buy out major shareholders Danny Fiszman (16.1%) and Lady Nina Bracewell-Smith (15.9%) for around £234m (€262.75m).