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Russian Moves Closer to Arsenal Control

Russian businessman Alisher Usmanov, co-owner of investment giant Red and White Holdings Limited, has increased his company's share of EPL mainstay Arsenal to more than 25 percent.

What does this mean for the Gunners ownership future? Simple. Red and White now only needs an additional 5 percent stock buy-up to make a formal takeover bid under Stock Exchanges, states the Daily Mail.

Despite the move, Red and White would not comment on a possible power play among the clubs current Board of Directors, stating only that they are "committed long-term investors and supporters of the club and are comfortable that we are now in a protected position."

Read the whole story at Daily Mail »

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