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Tuesday 24 May 2011 8:32 pm

Usmanov ups share offer

By: KCS-content

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UZBEK oil magnate Alisher Usmanov has upped the ante in the Arsenal power struggle by offering to buy shares at a bigger price than majority stakeholder Stan Kroenke.

Usmanov, who currently owns just over 27 per cent of the north London club, has increased his offer to £14,000-a-share compared to the £12,500 he was understood to be willing to pay last week. Usmanov’s latest request to meet face-to-face with Kroenke has been turned down.

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