Red & White Holdings Ltd., a company controlled by Russian billionaire Alisher Usmanov, increased its stake in Arsenal soccer club.
Red & White said today in a Regulatory News Service statement that it holds more than 27 percent of the London team. Usmanov had controlled 26.29 percent of the 13-time English champion last year, compared with a 29.98 percent stake owned by U.S. billionaire Stan Kroenke.
