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Tuesday, May 11, 2010

A 16% Arsenal Stake of Nina Bracewell-Smith Attracts Many Parties

You already know that there is a race between Stan Kroenke and Alisher Usmanov for the complete takeover of Arsenal. Now, it seems that it could happen very soon, and Daniel Fiszman, the third highest shareholder of Arsenal, has joined the race.

There is news that Nina Bracewell-Smith, who holds fourth largest stake of Arsenal, is now all set to sell her 16% Arsenal stake and has appointed an US-based private firm named Blackstone Group to oversee the selling procedure.

Stan Kroenke, a sports magnate from US, is now the highest investor in Arsenal with 29.9% stake, while Russian businessman Alisher Usmanov takes the second place with 26.4%. Third-placed Fiszmand holds 16.1% stake at Arsenal.

Now, if any of the top 3 Arsenal investors can manage to buy the 16% stake of Nina Bracewell-Smith, it would take their stake to over 30%, and as per the London City takeover rules, they would require making a formal bid to takeover the club.

Related article:

Reuters

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