Russian tycoon reveals Arsenal ambitions

0 Comments | AFP, August, 2007

LONDON (AFP) — Russian billionaire Alisher Usmanov plans to increase his stake in Arsenal following his 75 million pounds (150 million dollars) buyout of former vice-chairman David Dein's shares.

Usmanov's company, Red and White Holdings, bought Dein's 14.58 percent share in the Gunners on Thursday and he aims to add to that investment because he believes the club represents great value.

Dein, who is the chairman of Red and White, wanted American businessman Stan Kroenke to buy Arsenal last season and it is possible Usmanov could offer him a deal for his shares.

Usmanov, who has an executive box at Arsenal's Emirates Stadium, believes the Premier League club's value will grow massively in the next few years.

"I have been an Arsenal fan for eight...

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