Arsenal’s shareholder Stan Kroenke is closing in on taking total control of the club,.
Kroenke will pay £550million for Usmanov's stake, taking him up to 97 per cent.
A declaration from Kroenke states: “We at KSE are moving forward with this offer leading to 100 per cent ownership of the club."
The exact reason why Kroenke has pushed for 100 per cent control is unclear, but you have to assume that it is related to the continued growth of the Premier League and its TV rights.