Alisher Usmanov Finally in at Arsenal???

If reports are to be believed, it would seem Usmanov may have reached or attained the 30% shareholding necessary to get his nose in the door..

I’m not 100% sure exactly what attaining that percentage will automatically entitle him to but the one thing will be access to the clubs accounts which could really rattle a few feathers.

He’ll be able to see exactly what has been going on for the last 5/7 years and will get to see where all the money has gone to. He’ll know for sure “IF” there ever was and/or still is millions for player purchases or if the board during that time have just paid off all the debts…

It could also mean that we could find out for definite whether the board has been telling lies or not, as to exactly where the money has gone…! Or of course, we could find out that the entire choice not to spend is, and has been, down to our manager.

I’m again not 100% on what happens next in relation to a take-over, it may not even be in Usmanov’s mind to take that next step.

However, if that should be in his plans, my understanding is that he would have to announce his intentions to the OF-EX market and then he’d have six months to actually make an offer for the remaining shares…! All of course which will be valued at the highest price that he has had to pay for any shares during the previous 12 months…?

Before any of that though, he would have to pass the Premier League Owners’ and Directors’ Test, in order to determine whether Usmanov is deemed to be a ‘Fit and Proper Person’.

Assuming he passes, then he will no doubt be banging loudly on the door to the boardroom for a seat, so far Kroenke has always denied him that privilege….

As I said at the beginning, I am not sure if what I have heard is 100% true but if it is, the next 24/48 hours will no doubt make things a lot clearer…

Oh, and don’t shoot the messenger, not unless you come back and apologise after this news is confirmed. 😉