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Post by CmonYouSpurs on Aug 30, 2007 15:00:11 GMT -1
breaking news on Sky Sports Dein has sold out to a Russian billionaire  |
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Post by CmonYouSpurs on Aug 30, 2007 15:01:30 GMT -1
sold out for 75 million |
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Post by Neko Bazu on Aug 30, 2007 15:04:58 GMT -1
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Post by CmonYouSpurs on Aug 30, 2007 15:10:27 GMT -1
not sure if its his whole stake
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Post by officergroyman on Aug 30, 2007 17:58:42 GMT -1
not sure if its his whole stakewell even if it isn't he can buy alot of STEAKS with that kinda money.  |
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Post by officergroyman on Aug 30, 2007 20:09:49 GMT -1
Ex-Arsenal vice-chairman David Dein has sold his 14.5% stake in the club to a firm co-owned by a Russian billionaire.
The involvement of Alisher Usmanov, who paid £75m for the holding, adds to pressure on the club's board to give in to a takeover.
Mr Dein has been named chairman of the firm, Red & White Holdings, allowing him a way back into Arsenal.
He left the board after it failed to back his plan for the club to be taken over by American Stanley Kroenke.
Mr Kroenke, a US tycoon, has been linked with a potential takeover of Arsenal after building up a 12.19% stake in the club.
He was among the favourites to buy Mr Dein's shares.
'Best outcome'
Mr Usmanov's firm, Red & White Holdings, is co-owned by London-based investor Farhad Moshiri.
It said it wanted to up its stake in Arsenal over time, but it stressed there were no plans for an imminent increase in its holding.
WHO IS ALISHER USMANOV?
Majority shareholder in Metalloinvest, a Russian mining and metallurgy firm
Share portfolio includes holdings in Russian business newspaper Kommersant and mobile phone firm Megafon
General Director of Gazprominvestholding, investment arm of Gazprom
Heads the Russian and European Fencing Federations
Red & White said it felt it crucial that manager Arsene Wenger stayed at Arsenal as he was "vital to the future success of the club".
Mr Dein, a close ally of Mr Wenger, said the club needed people or consortia "prepared to invest previously unimaginable sums aimed at winning the game's biggest prizes".
He added was "delighted" to have found investors who shared his vision for the club.
"I have always had the best interests of Arsenal at heart. I've had a love affair with the club since I was six," he said.
WHO IS FARHAD MOSHIRI?
Iranian-born, London-based fund manager and long term business associate of Mr Usmanov
Investments include a 9.9% stake in stockbroker Panmure Gordon & Co
Chairman of Metalloinvest, where Mr Usmanov is a majority shareholder
"My ambition remains to play an active role in Arsenal again. My immediate intention is to work with others to provide the financial resources necessary to turn the vision into reality.
"I firmly believe that the involvement of Red & White with a significant stake and the long-term commitment of Arsene Wenger are absolutely the best outcome for the club, fans and shareholders alike."
'Future development'
Mr Moshiri said the new investment would help it maximise the club's revenue streams.
"Arsenal is a great club with huge potential and we look forward to increasing our stake and exploring ways to help support the future development of the club for the benefit of all fans and shareholders," he said.
There has been a flurry of foreign investment in Premier League sides in recent years.
Russian oil billionaire Roman Abramovich bought Chelsea in 2003 while the champions, Manchester United, are owned by the American businessman Malcolm Glazer.
And in February the American sports entrepreneurs George Gillet and Tom Hicks took control of Liverpool.
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Post by ovechkin8 on Aug 31, 2007 19:07:03 GMT -1
WHO IS ALISHER USMANOV? Majority shareholder in Metalloinvest, a Russian mining and metallurgy firm Share portfolio includes holdings in Russian business newspaper Kommersant and mobile phone firm Megafon General Director of Gazprominvestholding, investment arm of Gazprom Heads the Russian and European Fencing Federations Another Commie crony of Yeltsin.  Sold Russia's infrastructure at a cheap price by a drunk Boris & left to rake in the millions whilst the majority of Russians live in poverty. And another iunwelcome nvitee to Blair now Browns sleaze free Britain.  Farshad Moshri is probably Kia Joorabchian in disguise.  More sleazy crooks muscling in on the working class man's game. |
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Post by ITFC Dudette6 on Aug 31, 2007 19:42:40 GMT -1
So that's Man City run by a corrupt Thai man, Man Utd & Liverpool run by Americans, Chelsea with a Russian, and isn't Portsmouth run by that French bloke? For pitie's sake Arsenal, keep at least one of the top 4 British (owned that is)  |
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Sold Russia's infrastructure at a cheap price by a drunk Boris & left to rake in the millions whilst the majority of Russians live in poverty.
