*Usmanov plans 'blocking stake'*
Russian billionaire Alisher Usmanov has revealed that he intends to
buy a 'blocking stake' in Arsenal.
On Tuesday, Usmanov increased his shareholding in Arsenal after his
investment company Red and White Holdings Limited raised their
stake in the club to 21 per cent.
The purchase made Usmanov's company the club's second-highest
shareholder behind Danny Fiszman, who has 24%.
Should Usmanov reach a 29.9% stake holding in the club then he
would be in a position to make a takeover offer.
Difficult
Usmanov explained that he plans to increase his stake, and he also
believes that shares in Arsenal are significantly
undervalued.
"I want a position (in Arsenal) that would allow me to have a
blocking stake and then wait for its value to rise," he told Ekho
Moskvy radio.
"They (the shares) have a 50 to 100% growth potential."
A 'blocking stake' would be a stake high enough to make the
corporate running of the club more difficult to carry out without a
certain amount of shareholder backing.
Oh shyt.. Are we gonna be Arski
real soon? 