Alisher Usmanov, one of Arsenal's largest shareholders, has refused to rule out the possibility of launching a takeover for the club amid rumours he has increased his stake.
The Russian billionaire uses Red & White Holdings as an investment vehicle, and currently owns a 26.29% stake in the Gunners, though reports in the media suggested Usmanov has acquired another 37 shares to take his stake up to 26.31%.
Arsenal's biggest investor is US billionaire Stan Kroenke, who has a 29.98% stake in the club. On Tuesday, Kroenke announced his intention to assume full control of the American football team the St Louis Rams - a move interpreted as a sign that he wouldn't be launching a takeover for Arsenal.
Board member Lady Nina Bracewell-Smith has appointed a firm to sell her 15.9% stake in the Gunners. If Kroenke or Usmanov bought Bracewell-Smith's stake it would take them over the 30% threshold which, under City takeover rules, requires them to make a formal offer for the business.
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