Date: 21st June 2011 at 5:29am
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Billionaire Alisher Usmanov has increased his stake in the club to 29 per cent.

The Uzbekistan billionaire is doing his best to prevent majority shareholder Stan Kroenke from gaining full control of the club.

The Russian’s Red & White company acquired the new shares from Arsenal Holdings two months after Kroenke’s bid was rejected, Red & White have purchased the shares for £14,000 each which is £2,250 more than Kroenke offered.

 

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