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

Posted by ian, Aug 31, 2007 10:17AM

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

Posted by berbatov is better, Aug 31, 2007 10:21AM

what happened to kroenke?

Posted by , Aug 31, 2007 12:14PM

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

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