Russian billionaire Usmanov explores sale of 30 percent Arsenal stake - FT

FILE PHOTO - Russian billionaire Alisher Usmanov walks out of a voting booth at a polling station during the presidential election in Moscow, Russia March 18, 2018. REUTERS/Maxim Shemetov

(Reuters) - Russian tycoon Alisher Usmanov is exploring a sale of his 30 percent stake in English football club Arsenal, the Financial Times reported https://on.ft.com/2Lx1Yb6 on Tuesday, citing sources familiar with the billionaire's thinking.

The Russian billionaire has grown frustrated that the club's majority owner, Stan Kroenke, is unwilling to engage in takeover talks and has given up all hope of acquiring the club outright, the report cited the sources as saying.