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
Ancelotti: Blatter 'Unable to Keep His Mouth Shut'     
Real Madrid coach Carlo Ancelotti on Tuesday accused Sepp Blatter of being "unable to keep his ...
Report: Spain's Tax Authority Probes Barca, Real Stars     
Marca on Wednesday reported that some of La Liga's highest profile players over the last several ...
Reports: Moyes to Take Over at La Real?    
Spanish media reports claim that former Manchester United coach David Moyes is among the names being ...
Balotelli 'Finally!' Scores for Liverpool     
Mario Balotelli on Tuesday came off the bench to save Liverpool from a League Cup fourth-round ...
Study: Barca Produces the Most Professionals in Europe     
According to new research, La Liga giant Barcelona has produced more professional players in Europe's top ...
Clattenburg Dropped for Breaching Referee Rules    
English referee Mark Clattenburg has been dropped for this weekend's Premier League games for breaking the ...
Mourinho Blasts Fringe Players Following Shrewsbury Win     
Chelsea coach Jose Mourinho criticized his fringe players for not taking their chance to impress him ...
Blatter on Russia: Soccer and Politics Should Not Mix     
FIFA President Sepp Blatter, in Russia on Monday for the unveiling of the official emblem for ...
Report: Evra Out for a Month     
Juventus defender Patrice Evra will be out for a month with a hamstring strain, the club ...
UEFA Reduces CSKA Stadium Ban     
UEFA on Monday reduced CSKA Moscow's stadium ban over its fans' racist behavior to two games ...
>> Section 2 Around the Net Archives