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Arsenal shareholder Alisher Usmanov dismisses the suggestion that he is set to sell his stake in the club

Arsenal shareholder Alisher Usmanov has issued an emphatic denial over murmurings that he is considering selling his stake in the north London club.

Usmanov, who owns a 30.04 per cent stake in Arsenal through Red and White Holdings Plc, was said to be considering selling his shares in the Gunners, according to a story on Arseblog on Wednesday.

The fan website suggested that the Russian billionaire was looking into moving to Everton, where he would join former partner Farhad Moshiri.

Russian billionaire Alisher Usmanovu00a0owns a 30.04 per cent stake in Arsenal
Russian billionaire Alisher Usmanov owns a 30.04 per cent stake in Arsenal
Usmanov, valued at u00a39.4billion by Forbes, has no position on the Arsenal board
Usmanov, valued at £9.