FILE PHOTO - Alisher Usmanov attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, March 19, 2015. REUTERS/Maxim Zmeyev
(Reuters) - Arsenal's second-largest investor, Alisher Usmanov, made a $1.3 billion (997.22 million pounds) offer to buy out the soccer club's majority owner Stan Kroenke, a source familiar with the matter told Reuters, confirming earlier reports.
Usmanov, a Russian billionaire who owns 30 per cent of the English Premier League club, made the offer in a letter to Kroenke, the club's American shareholder who controls a 67 percent stake, the Financial Times reported on Friday.
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