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Alisher Usmanov increases stake in Arsenal

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    Alisher Usmanov increases stake in Arsenal

    Russian billionaire Alisher Usmanov has increased his stake in Arsenal to more than 26 percent, keeping him in a battle with American Stan Kroenke for control of the Premier League club.Kroenke remains the largest shareholder and has steadily increased his holding in recent months to 29.9 percent, just short of the 30 percent threshold that would require him to make an offer for the remainder of the shares at the highest price paid for the stock during the past 12 months.



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