Article: Alisher Usmanov increases stake in Arsenal to more than 24 percent

Russian billionaire Alisher Usmanov has increased his stake in Arsenal to more than 24 percent.

Usmanov's Red and White Holdings Ltd. did not give the exact percentage in a statement to the London Stock Exchange on Friday, only stating "it now holds a stake of over 24 percent in Arsenal Holdings PLC."

In September, Red and White became the Premier League club's second-largest shareholder with 23 percent.

Red and White is jointly owned ...

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