Usmanov statement on his Arsenal shareholding

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Alisher Usmanov has today released a statement about his shareholding in Arsenal. It reads:

“Contrary to some speculative media reports, Red and White Holdings woule like to state that Mr Alisher Usmanov does not intend to sell his stake in Arsenal Holdings PLC (“Arsenal”).

Mr Usmanov continues to be committed to Arsenal and considers his stake in the Club [sic] as a long-term investment for his family and future generations.

Red and White Holdings Limited owns 30.04% of Arsenal Holdings Plc.”

This comes after our story yesterday which suggested he was considering selling his stake in the club to join partner Farhad Moshiri.

Obviously we’ll take him as a man of his word and if that’s what he says then that’s that, as it’s completely unknown for business people to say something then do something else further down the line.

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