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Usmanov 'may sell 30% Arsenal stake'
Russian billionaire Alisher Usmanov is exploring the sale of his stake in Arsenal to majority stakeholder Stan Kroenke, the Financial Times has reported. Usmanov had hoped to buy the club from Kroenke but the US sports mogul has refused to engage in takeover talks, the paper said, citing people close to the Russian tycoon. Having grown frustrated Kroenke is unwilling to sell at any price, Usmanov is reportedly ready to sell his 30 per cent stake in the Premier League club. In October last year, Kroenke Sports Enterprise UK (KSE) offered around £525m to buy the 18,695 shares held by Usmanov's Red and White Securities Limited. Usmanov turned down that offer saying: "My interest...
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