Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Usmanov Waiting To Devise Arsenal Strategy
Guardian, December 23rd, 2008 12:45PM

MOST READ

MOST COMMENTED

Controversial Russian-Uzbek billionaire Alisher Usmanov has said that he has no current plans to increase his stake in Arsenal FC, despite the ousting from the club's board last week of Nina Bracewell-Smith, who owns a 15.9 percent stake in the team. But he is certainly reviewing the situation, and refuses to rule out a future move.

Usmanov, whose Red & White Holdings owns a 24.9 percent stake in Arsenal, said that his London-based partner, Farhad Moshiri, was in talks at Arsenal to investigate "sharp changes" at the club. "What has happened in the last year poses questions," Usmanov said. "When in the space of a year four members of the board of directors are sacked, when the general director whom everybody had praised is changed, we consider that to be a huge matter -- just to sack a major shareholder [Bracewell-Smith] without explanation. Mr. Moshiri is now in London and is trying to find out the reasons for these sharp changes and according to what explanation we get, we will decide our strategy."

The billionaire said he has "not held any negotiations" with Bracewell-Smith about a purchase of her stake. "I haven't seen her and so far she has not announced that she wants to sell. There is no point in discussing something that doesn't exist." Asked if he would like to buy more shares, Usmanov said he was "unlikely to at the moment because I have more important financial matters to deal with. But we have never concealed that we would like to acquire a blocking stake of up to 29.9 percent and nothing prevents us doing that. That's what interests us and, little by little, without hurrying, we are buying up shares from the market."

He could also not rule out attempting to acquire another large stake. "No businessman can say that," he said. "What if after two or three years I'm offered something at a good price? But at the moment I don't want to buy [a large stake], I don't have the means. Nobody has at the moment." He is also disappointed to have been portrayed as a threat to the club. "We have always supported the board of directors and we haven't had an antagonistic attitude towards anyone, so we don't understand why we've been assigned the role of a hostile party."

 

 

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Bookmakers Slash LVG Exit Odds    
British bookmakers reacted to Manchester United's humiliating 4-0 defeat against Milton Keynes Dons in the Capital ...
Atletico Appeals Simeone's Ban    
Atletico Madrid President Enrique Cerezo on Tuesday said the club would appeal coach Diego Simeone's eight-game ...
Eto'o Signs Two-Year Deal with Everton     
Samuel Eto'o on Tuesday completed a free transfer to Everton, signing a two-year deal with the ...
Warnock Appointed Coach of Crystal Palace     
Crystal Palace on Tuesday signed former coach Neil Warnock on a two-year contract. Warnock, who most ...
Barca Target Douglas to Sign Five-Year Deal     
Barcelona on Tuesday announced that Brazilian right back Douglas will join the club before the end ...
Deila: Celtic 'Not Good Enough' for UCL     
Celtic coach Ronny Deila said his team was "not good enough" to play in this season's ...
Di Maria: I was Forced Out by Real Madrid    
In an open letter to Real Madrid fans, Angel Di Maria reveals that he did not ...
Yeagley: 'They all want to beat Indiana'    
A Big Ten title extended Indiana's streak of consecutive NCAA Tournament appearances to 27, but it ...
Belmont Abbey freshman McGuire remembered on campus    
Belmont Abbey freshman Michael McGuire collapsed following a pre-season fitness test Aug. 16 and died five ...
Report: Benatia Joins Bayern Munich from Roma     
AS Roma on Tuesday sold central defender Mehdi Benatia to Bayern Munich on a five-year contract. ...
>> Section 2 Around the Net Archives