Arsenal’s second largest shareholder, Alisher Usmanov, has further increased his stake in the club.
Bloomberg reports that Usmanov purchased 68 shares from one single shareholder at a price of £14,000 per share. The £952,000 investment brings his holding in the club to almost 30%.
It was reported a number of weeks ago that Usmanov was keen to reach this threshold so he could have access to company accounts. This is his second large purchase in the last number of weeks. Last month he took his stake from 28% to 29%.
With majority shareholder Stan Kroenke untouchable with his 66%, and Usmanov’s desire to gobble up as much of the club as he can, it seems smaller shareholders are being squeezed out by the two billionaires.
Just over 4% of the remaining shares are held outside the American and Uzbeki.