Usmanov To Launch Bid For Arsenal

There have been several reports recently that Alisher Usmanov will announce any day now that he has acquired Lady Nina Bracewell-Smith's 15.6% share in Arsenal.� This will take Usmanov's holding to over 40%, resulting in him being obliged to make a formal offer for the club.

The Board, namely Peter Hill-Wood will make statements to the effect that the club is not for sale, despite the fact the Hill-Wood sold his shares in Arsenal many years ago to David Dein!