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Usmanov confirms sale of Arsenal shares to Kroenke
Alisher Usmanov declared Arsenal can be the best club in the world as he confirmed the sale of his 30 per cent stake to majority shareholder Stan Kroenke. Kroenke, who already owns 67 per cent of the Premier League outfit, will take complete control with a £550million buyout of Usmanov's remaining share. The news was announced in a statement to the London Stock Exchange on Tuesday and has now been confirmed by Usmanov. The Russian mining magnate believes the Gunners can prosper under private ownership despite Kroenke's move being described as "dreadful" by the Arsenal Supporters' Trust. "I have decided to sell my shares in Arsenal Football Club which could be the best...
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-7y from FourFourTwo.com
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