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Russian steel magnate plans to raise Arsenal stake to 29.9%

Russian steel magnate Alisher Usmanov said on Tuesday he plans to raise his stake in the English Premier League club Arsenal to 29.9%, the maximum he can own without making a full offer.

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Russian steel magnate Alisher Usmanov said on Tuesday he plans to raise his stake in the English Premier League club Arsenal to 29.9%, the maximum he can own without making a full offer.         

He told state run Rossiya-24 television that he was seeking to up the stake from the previous level of 26.6%.    

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