Source AP ©

Russian billionaire plans to buy blocking stake in English Arsenal

Russian billionaire Alisher Usmanov intends to buy a blocking stake in English soccer club Arsenal.

"I want to take a blocking stake and then wait for its price to rise," Usmanov said Friday on Ekho Moskvy radio.

Usmanov, who formed Red and White Holdings with investor Farhad Moshiri as a vehicle to buy a stake in Arsenal, acquired a 14.65 percent holding in August from the club's former vice chairman, David Dein.

He then increased his stake in Arsenal to 21 percent on Tuesday, becoming Arsenal's second largest shareholder.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
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