Alisher Usmanov spokesperson denies he’ll be reinvesting his Arsenal windfall into Charlton Athletic

Alisher Usmanov will not be producing any bid to buy southeast London soccer club Charlton Athletic, a spokesperson for the Russian businessman’s press team told CNBC, contrary to reports from the British media Friday morning.

Last month Usmanov sold his 30 percent stake of English Premier League side Arsenal to majority shareholder Stan Kroenke, as announced to the London Stock Exchange.

that will transaction has today been completed, yet despite speculation he will reinvest in another soccer club, This kind of won’t be Charlton, who play from the third tier of the English leagues.

Charlton has not played from the Premier League since 2007 as well as has faced serious financial problems in recent seasons. This kind of will be currently owned by Belgian millionaire Roland Duchatelet, who will be said have put the club up for sale for around £20 million ($26 million).

Usmanov has reportedly received over $500 million for his Arsenal shares, yet despite tabloid speculation he’ll be putting his money elsewhere in English soccer, he isn’t going to make any offer for Charlton.

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