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Usmanov Buys 122 Arsenal Shares, Now Controls 27.6% of Team

Russian billionaire Alisher Usmanov bought 122 more shares of Arsenal Holding Plc for 14,000 pounds ($22,900) each, taking his stake in the London soccer club to 27.6 percent.

Usmanov, using his Red and White Holdings Ltd., is vying for influence at the 13-time English champion with Stan Kroenke. The American has an almost 64 percent stake in Arsenal, which finished fourth in the just finished season. Kroenke made an offer of 11,750 pounds last month for shares after buying 30 percent from two former directors.