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SBD/March 23, 2011/Franchises
Manchester United Parent Company Posts Record Loss In Latest Fiscal Year
Published March 23, 2011
UPPING STAKE: The PA reported Arsenal investor Alisher Usmanov has "upped his stake" in the EPL club to "over 27%." Red & White Holdings Limited, which is jointly owned by Usmanov and partner Farhad Moshiri, "made the brief announcement on Tuesday but did not give any details as to the additional stock acquired." Rams Owner Stan Kroenke "remains the largest individual shareholder" in the club with a 29.9% stake (PA, 3/22).