ALISHER USMANOV, A BILLIONAIRE, TO SELL HIS STAKE IN ARSENAL - Soul 2 Soul Mates Blog

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8/07/2018

ALISHER USMANOV, A BILLIONAIRE, TO SELL HIS STAKE IN ARSENAL


ALISHER USMANOV, A BILLIONAIRE, TO SELL HIS STAKE IN ARSENAL
It was reported on Tuesday morning that Russian tycoon Usmanov is free to invest heavily in the Merseyside club following the announcement today that he is cashing in his 30 per cent holding in the London club.


Usmanov’s company is already a major sponsor of Everton and he can now be a “more overt investor” without flouting Premier League ownership regulations, explained Panja.
Usmanov agreeing to sell his Arsenal stock isn’t the end of his involvement in English football. His company is already a big sponsor of Everton, and now, should he choose to be, Usmanov can be a more overt investor there without falling foul of ownership rules.
Usmanov’s decision to sell his Arsenal stake is potentially huge news for Everton.

The tycoon, who was named eighth in the 2018 Sunday Times rich list with a personal fortune of £10.6billion, has sold his stake in Arsenal to Stan Kroenke, who is set to take complete control after putting together a takeover deal valued at £1.8million.

The Mirror report that Usmanov will receive £550million for his shares after the buy-out announcement was made to the London Stoke Exchange this morning.

 Nice work if you can get it. But the only beneficiaries might not be restricted to the Uzbek-born billionaire. Everton could also benefit from his fortune after Usmanov accepted that his hopes of being the main man at Arsenal are over.

The majority shareholder is Farhad Moshiri, a wealthy man but not in the same league as Usmanov. Moshiri was in cahoots with the Russian at Arsenal before they went their separate ways. The path is now clear for a fresh alliance that could catapult Everton into the big time.



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