The FT learned of the plans by Usmanov to control Arsenal for...

The FT learned of the plans by Usmanov to control Arsenal for $1.3 billion


Alisher Usmanov

Photo: Vladimir Fedorenko / RIA Novosti

Billionaire Alisher Usmanov, who owns 30% of shares of football club “Arsenal”, has written to the major shareholder of the club Stan Kronke the request to purchase a controlling stake for $1.3 billion talking About it, informed sources, the Financial Times

Russian billionaire Alisher Usmanov intends to buy shares in the football club Arsenal American sports tycoon and the main shareholder of the club Stan Kronke (67%), writes the Financial Times citing three sources familiar with the situation.

According to the newspaper, Usmanov has made an offer Kronke in the amount of $1.3 billion Based on this, the whole club estimated at $2 billion.

At the moment, Usmanov also owns 30,04% stake in the club. Kronke has not yet given a formal response to the proposal by the Russian billionaire. “Two weeks ago, I thought that the transaction can actually take place. Now I’m not so sure, ” says a knowledgeable source FT.

Representatives Kronke and Arsenal was unable to immediately comment on the situation. A representative of an investment company Red&White, through which Usmanov owns his stake, declined to comment.

Currently, Arsenal is in fifth place in the Premier League and for the first time in the last 20 years not to get into the Champions League. If the club will miss the European tournament, he will lose about £50 million, indicates FT.

Alisher Usmanov in an interview with Bloombergpublished last month, blamed the poor results of the club is not only the team’s coach Arsene Wenger, but Kronke and the Board of Directors of the club, but Usmanov is not included. According to the FT, there are others wishing to acquire the shares from Kronke.