Newspaper article The Evening Standard (London, England)

I Want Arsenal; First with the News: Yesterday's Final Edition of the Evening Standard

Newspaper article The Evening Standard (London, England)

I Want Arsenal; First with the News: Yesterday's Final Edition of the Evening Standard

Article excerpt

Byline: WILL STEWART, AND LEO SPALL

RUSSIAN billionaire Alisher Usmanov spoke for the first time today abouthis intention to take over Arsenal.

Usmanov's company, Red and White Holdings, bought David Dein's 14.58 per centshareholding in the Gunners yesterday in a move that could lead to civil warwithin the boardroom at Emirates Stadium.

Managing director Keith Edelman spelled out last night that he and the rest ofthe board did not welcome any foreign investment and had "ample cashresources".

Usmanov, who said he had been an Arsenal fan for eight years and greatlyadmired Arsene Wenger, insisted he would be looking to increase hisshareholding.

He told the Evening Standard: "This purchase of mine is not a strategic or apolitical one. It's a portfolio investment.

Arsenal as a business was undervalued.

"My aim is to steadily increase my package because I think the value of it willgrow and will soon reach a higher level.

The club has everything to achieve it." Wenger said today that he had known ofDein's intention to sell his shares and it did not affect his position asmanager. The Frenchman also revealed that there will be good news about hiscontract next week.

Wenger, who sidestepped questions over whether he wanted Dein back at the club,said: "Some news will come out about that [his contract] next week.

"I am an employee of this club and I have not one share and that is noconcidence because I never want to be involved in any struggle." Usmanov, whois the majority partner in Red and White Holdings with Iranian Farhad Moshiri,has a VIP box at Emirates and regularly attends matches..

He approached Dein through an intermediary because he wanted a piece of thePremier League boom.

Usmanov is close friends with Chelsea owner Roman Abramovich, the pair havingmet in the early 1980s in Moscow. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.