Arsenal shareholder and Russian billionaire Alisher Usmanov had been rumoured to be on his way to join former business partner Farhad Moshiri at Everton. However, his representatives have today confirmed that Usmanov has no such plans and that he is completely committed to the North London club.

 

It was recently being speculated that Arsenal shareholder Alisher Usmanov would sell his stake in the club to reinvest in Everton, following in the footsteps of former business partner Moshiri. However, Usmanov’s representatives have informed TheHardTackle — through a statement released to the media by his company Red and White Holdings — that he has no plans of discontinuing his relationship with Arsenal.

The statement read: “Contrary to some speculative media reports, Red and White Holdings would like to state that Mr Alisher Usmanov does not intend to sell his stake in Arsenal Holdings plc. (Arsenal). Mr Usmanov continues to be committed to Arsenal and considers his stake in the Club as a long-term investment for his family and future generations.”

Red and White holdings own 30.04% of Arsenal Holdings Plc. The company was earlier jointly owned by Usmanov and Moshiri, but Usmanov took full control after the Iranian billionaire sold off his stake in the company to reinvest in Everton. The majority shareholder is American entrepreneur Stan Kroenke who owns 67.05% of the shares at Arsenal.

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