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Tuesday, June 21, 2011

Arsenal set to sell Clichy

Arsene Wenger has seemingly given Gael Clichy the green light to complete his move from Arsenal to Roma for £7million, claims the Daily Mirror this morning. The paper says a deal is about to be thrashed out between the Arsenal hierarchy and Roma bod Walter Sabatini, who is heading to London for talks.
The paper adds that Clichy may be sold because he has yet to extend his contract and that Sabatini hopes to knock the Gunners down from their current £10 million asking price.
Elsewhere it is widely reported that Arsenal's second biggest shareholder Alisher Usmanov has increased his stake in the Premier club to beyond 29 per cent. Uzbek billionaire Usmanov's stake in the Gunners still leaves him trailing behind majority shareholder Stan Kroenke, whose holding has increased to 66.1% amid a takeover bid.
Usmanov's Red and White Holdings company announced in a statement: "Red & White Securities Limited today announces that it now holds a stake of over 29% in Arsenal Holdings plc." Kroenke had made his initial takeover move for Arsenal back in April and boosted his stake by buying shares from former directors Lady Nina Bracewell-Smith and the state of the late Danny Fiszman.
The Premier League has approved the club's change of ownership and, last month, Kroenke gave the club's remaining shareholders 14 days' notice on his unconditional offer to own 100 per cent of the club. As we know, Usmanov has insisted he will not sell to Kroenke, as have the Arsenal Supporters' Trust, who own a small number of the shares.
It is reported that when Kroenke passed the 62% threshold, Arsenal were valued at £731million, but an outright takeover is looking unlikely following Usmanov's decision to increase his stake.
decision to increase his stake.

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