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SBD Global/June 21, 2013/Finance

Russia's Alisher Usmanov Says Arsenal Is Good Investment, Not Selling His Shares

Russian billionaire Alisher Usmanov said that he "plans to retain" his almost 30% stake in EPL Arsenal because "it’s a good investment," according to Fedorinova, Chilcote & Khrennikov of BLOOMBERG. Usmanov said, "Why do I need to change my status, which gives me major benefits, from the investment side and my enjoyment of the club. I enjoy the games." American Stan Kroenke, who took control of the north London club in '11, "has not put Usmanov nor his business partner Farhad Moshiri, the club’s second biggest investors, on the board." Usmanov has "criticized Kroenke for not spending money on players and said he wouldn’t dictate strategy at Arsenal should be be able to take control." Usmanov said, "I can’t dictate," even "if I had the possibility, it’s not my style" (BLOOMBERG, 6/20).
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