I don’t understand the thought process behind this but Alisher Usmanov has increased his shareholding in Arsenal beyond the 29% mark. Usmanov’s Red and White Holdings company announced in a statement on the London Stock Exchange’s Regulatory News Service: “Red & White Securities Limited (”Red & White”) today announces that it now holds a stake of over 29% in Arsenal Holdings plc (”Arsenal”).”
Usmanov has been critical of the Arsenal board and the role they have played in the club’s trophyless drought. In a recent interview Usmanov said:
”If the role of a board member is to oversee a trophyless period, while making significant personal profits and asking fans to pay inflation-busting ticket price increases then, no, I would not want to be on the board. If instead it is to try to deliver sustained success, to increase your personal investment in the club, to help develop the commercial position and to ensure the fans have a say in the running of the club then, yes, I think I certainly have something to contribute.”
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