Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Alisher Usmanov hopes to increase his stake in Arsenal to overtake Stan Kroenke as the club's main shareholder, according to reports.
The Russian billionaire currently owns a 27% share in the Barclays Premier League title contenders and hopes to buy another 2.9% in order for him to surpass American Stan Kroenke, who currently owns a 29.8% stake.
Should Usmanov succeed in increasing his share to 29.9%, he would still be left 0.1% short of the stake required to trigger an automatic takeover.
Usmanov and Kroenke have both been increasing their stakes in the club over the last few years and the Uzbekistan-born metals and mining tycoon did not rule out completing a full takeover of the Londoners today.
"Today, we have 27%. Our objective is to bring that up to a blocking stake of 29.9%," Bloomberg quotes Usmanov as saying on Russian state TV.
"And from there, we will just keep looking," he added.
"You can never tell about what happens in life."
Although Usmanov terms the increase a "blocking" stake, if he did increase his share to 29.9% he would just have a bigger say in the club's business dealings, rather than block any other party taking over the club.
Lady Nina Bracewell-Smith, one of the club's other two shareholders, put her 15.9% stake up for sale in April.
Non-executive director Danny Fiszman, who controls 16% of shares, is the club's other major shareholder.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments