All the info you need as Russian oligarch Usmanov makes bold move for majority control from American rival owner
ALISHER USMANOV today made a staggering £1BILLION bid to buy Arsenal, the Premier League club he part-owns.
The Russian oligarch is worth £11.2bn and made a play to take over the majority running of the club from rival American Stan Kroenke.
But the US businessman is reportedly reluctant to sell after being written to by Usmanov last month – who values the club at £1.6bn.
But it is thought Usmanov his bid would be rejected, but hoped he would gain traction with fans disillusioned with “Silent Stan”.
It is set to rumble on – but let us break down the ownership of the club and give a bit of context and history to this seismic news out of north London…
So who really owns Arsenal?
Stan Kroenke, 69, owns 67 per cent of the Gunners having bought his first shares in 2007 – becoming majority stakeholder in 2011.
The real estate and sports mogul has a portfolio of sports teams including NFL side LA Rams, basketball’s Denver Nuggets, MLS outfit Colorado Rapids and ice hockey team Colorado Avalanche.
It is fair to say he is not a popular man, and is credited with Arsenal’s slump alongside manager Arsene Wenger – indeed, his nickname is Silent Stan, because rarely does interviews.
That is in stark contrast to Usmanov, the second biggest shareholder with 30.5 per cent of the Emirates club having first bought into the club in 2007.