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Usmanov increases stake

Red and White Holdings Limited, an investment vehicle co-owned by Russian billionaire Alisher Usmanov, has purchased more shares in Arsenal by raising its stake by 2 per cent to 23 per cent.



The purchase, which was announced to the Stock Exchange on Friday morning, sees Usmanov just one per cent away form the club's highest shareholder Danny Fiszman, who has 24 per cent.
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