It is a two way battle between Stan Kroenke and Alisher Usmanov and the balance of power lies with Nina Bracewell- Smith and her family's 15.9% stake holding.
Usmanov bought more shares to increase his share to 26.07%. I think the Kazakh is trying to maneuver himself into a " I told you so" position if Arsenal lands up with yet another trophy less season. For some shareholders sitting on the fence his cash infusion scheme which was shot down earlier this year which provides additional transfer money might prove attractive enough to sway them onto his side.
he is not kazak, he is uzbek .