Usmanov plans to raise Arsenal stake to 29.9 pct

Last Updated: Dec 22, 2010, 08:46 AM IST

Moscow: Russian steel magnate Alisher Usmanov said on Tuesday he plans to raise his stake in the English Premier League club Arsenal to 29.9 percent, 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 percent.

Bureau Report