Russian billionaire Alisher Usmanov has no plans to raise his stake in Arsenal beyond 25 per cent.
Red and White Holdings Limited to reach 25 per cent
Red and White Holdings Limited, an investment vehicle co-owned by Russian billionaire Alisher Usmanov, has no plans to raise its stake in Arsenal beyond 25 per cent.
Usmanov raised his stake to 24.2 per cent last week, overtaking the club's previous highest shareholder Danny Fiszman, who has 24.11 per cent.
Usmanov has explained that there are plans to increase the stake up to 25 per cent, but no higher, meaning that Red and White Holdings Limited will hold a blocking stake.
Veto
A stake higher 25 per cent would hand Red and White Holdings Limited a veto on major club issues, however Usmanov has insisted that there are no plans to be involved in the club's important matters.
"We will raise our stake to a blocking stake," Usmanov told a news conference in Moscow.
"We have announced that our company will buy up to 25 percent. We do not have any other plans."
Dynamo Moscow
Meanwhile, Metalloinvest - a company controlled by Usmanov - will sponsor Russian team Dynamo Moscow.
Metalloinvest will sponsor the Russian first division side for a year, in a deal that is reportedly worth $7million (£3.6million).
"For me, Dynamo is a first love," Usmanov told Dynamo Moscow's
official website.
"The first time I ended up at Dynamo stadium was in 1963 for the match between USSR and Brazil but unfortunately our team lost."
