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Arsenal's second-largest investor, Alisher Usmanov, made a $1.3 billion 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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