ContinueArsenal shareholder Alisher Usmanov is reportedly planning to increase his stake in the club, but is refusing to join the Stan Kroenke headed board.
The Uzbekistani currently owns 29.72 per cent of the club with business partner Ferhad Moshiri, as a part of their company Red and White Holdings.
As reported by Goal.com, Usmanov revealed his plans at an economic forum in St. Petersburg, commenting: “As much as possible, every time, I'm open to increase my shares.”
Red and White Holdings acquired their stake in the club in 2007 for around £75 million, after purchasing David Dein's shares.
While it had been expected that he would mount a full take over of Arsenal, this was countered by American billionaire Stan Kroenke, who took his control up to 66.83 per cent, after buying shares from Danny Fiszman and Lady Nina Bracewell-Smith.
His majority stake prompted an obligatory offer for Usmanov's shares, an approach which he rejected.
The two business have been at loggerheads since, with Usmanov revealing that he does not want a position on Kroenke's board. “I don't want to be on the board when I'm not invited," he said, following on from previous comments that the American lacks ambition.
