Previous names: Dial Square, Royal Arsenal, Woolwich Arsenal

Thursday, August 30, 2007

Usmanov’s first love are his metals not Arsenal. Information on Usmanov and the value of the club

By 1970's Gooner

Dein has not done what a lot feared. He has not sold his 14.7% shareholding in Arsenal to his friend Stan Kroenke! He has however found a new willing buyer.

He is Alisher Usmanov who forked 75m to aquire Dein’s stake. This places a value for each share at 8200 and the whole club at 510m.

Usmanov is the president of GazpromInvestHolding and the owner of GazMetall/Metalloinvest Group.

This Group controls 40% of iron ore production in Russia and the country's 2 of 9 largest steel works.

According to Forbes Magazine, Alisher Usmanov is the 23rd richest businessman in Russia and the 278th richest businessman in the world.

He has said his first love was his stock, or shares, in his metals plants.

What is unsettling is why has Dein gone ahead with this sale. There are only two explanations.

Either he is getting out of Arsenal altogether with probably a view to investing in another club (maybe in tandem with Ecclestone in QPR) or he is in partnership with Usmanov and will return to Arsenal as part of Usmanov’s team that may eventually take over.

Mr Usmanov's firm, Red and White Holdings, which lists Dein as its Chairman (!), said it wanted to up its stake in Arsenal over time. But it stressed there were no plans for an imminent increase in its holding.

Who believes them? This is what they all say. Why would a man of his means invest 75m without wanting to take control?

What do you think?

Alisher Usmanov Fact File

Age: 52
Fortune: NA
Source: Steel
Net Worth: 2.6 bn USD
Country Of Citizenship: Russia
Residence: , Russia
Industry: Mining/Lumber
Marital Status: married, 2 children


Anonymous said...

Take no credit from the 'no takeover' announcement. If they say they are planning to make a bid then they enter a formal process - so they can't say the footnotes to the Red and white holdings announcement to see the relevant weasel words.

Personally I wish Dein would go stick his head in a pig

Anonymous said...

Dein is coming back and this will unsettle things both at the boardroom level and on the pitch. At a time when the team is doing so well.
I wish Dein will go away

Anonymous said...

I think we have to wait and see what Dein has in mind. At least a Russian owner may not have profit as his only motive.
This may be good for Arsenal rather than Kroenke who had to make a profit from his investment!

Anonymous said...

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