• 31 Aug 2007 at 9:46 AM
  • FOREX

Russia Strengthens Its Arsenal

arsenal.jpg Who needs the best striker in the world (Thierry Henry) when the real power in English Premiership football is in getting backed by a Russian oligarch? From DealBook:

Russian mining magnate Alisher Usmanov has acquired a stake in Arsenal from David Dein, the club’s former vice-chairman and a close ally of manager Arsene Wenger. The sale of the 14.6 percent stake for 75 million pounds ($152 million) may fuel speculation that Mr Usmanov, who has made much of his fortune in the steel industry, may eventually mount a takover bid for the north London club.

English football is becoming like Battle-Bots (or one giant pissing contest) for Russian magnates, as Chelsea has been annoyingly good since Roman Abramovich bought the team in 2003.
(Pictured – The Arsenal SLR-105, a Bulgarian AK variant)
Russian Steel Magnate Buys Arsenal Stake [DealBook]

Comments (3)

  1. Posted by ian | August 31, 2007 at 10:17 AM

    If only Arsenal’s players would show the ruthlessness of a Russian gangster (sorry, oligarch) in front of goal once in a while…

  2. Posted by berbatov is better | August 31, 2007 at 10:21 AM

    what happened to kroenke?

  3. Posted by Anonymous | August 31, 2007 at 12:14 PM

    rich bastards in the U.S. have also been buying up EPL teams, Tom Hicks, Malcom Glazer, etc, etc

Leave a comment

You can log in with your account or comment as a guest below.