Express.co.uk - Home of the Daily and Sunday Express Express - Breaking news, sport and showbiz from the World's Greatest Newspaper
Newspaper Cover Page
Our Paper

Front and Back Pages, E-Edition and Back Issues...

Weather
 3°C
London
Tuesday 9th February 2010 Make us your HOME PAGE  What is RSS?

FOOTBALL

USMANOV HINTS AT CASH INJECTION

Story Image


Alisher Usmanov

Wednesday May 13,2009

Alisher Usmanov could be ready to help Arsenal pay off some of their debt in a bid to help them challenge for honours at home and in Europe.

Russia-based billionaire Usmanov, the Gunners' second-highest stakeholder with 25% of shares, last week called on the club to "step up" their transfer dealings this summer and it now seems he could be prepared to help them do so.

Debts associated to Arsenal's move from Highbury to the Emirates are understood to be a factor in the club's transfer budget and it is a factor Usmanov seems willing to help ease, if approached.

A spokesman for Usmanov's investment company, Red and White Holdings, told the Daily Telegraph: "The key issue is to ensure that the club remain both self-financing and competitive at the very highest levels of European and world football.

"The debt at the club appears to be an impediment to that and we are ready to help address that if the board asks. Raising ticket prices is not the answer."

Prices were raised by 4.5% last year but the Gunners have already committed to a price-freeze for next term.


Share...

Got A Story? Get in touch online
Email the news desk directly here!


Clarets march on to Wembley

Burnley hit two sensational second-half strikes to book a place in the Coca-Cola...

Read More Comment Speech Bubble Have Your Say(0)

Coyle winning the marathon

OWEN COYLE will urge his marathon men into making one last Wembley sprint on May...

Read More Comment Speech Bubble Have Your Say(0)

Keeper Marshall a Cardiff target

CARDIFF CITY are on the verge of signing Scotland back-up keeper David Marshall ...

Read More Comment Speech Bubble Have Your Say(0)

Todays best TV right here for you at the Express. • See Guide

The Political Cartoonist of the Year