Deals
Billionaire Usmanov Won’t Sell His Arsenal Stake to Kroenke
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Russian billionaire Alisher Usmanov won’t sell his stake in Arsenal to fellow investor Stan Kroenke because the English Premier League soccer club “can’t do without me.”
Kroenke, who owns teams in the National Football League and the National Basketball Association, triggered a mandatory takeover bid for the club after boosting his holding to 63 percent two days ago. Usmanov, who made his $18 billion fortune through metal investments, is Arsenal’s second-largest shareholder with 27 percent of the London team.