Moshiri and longstanding Business partner Alisher Usmanov were co-owners of Red & White Holdings, which bought 14.65% of the shares in Arsenal F.C. from former club vice-chairman David Dein in August 2007. On 18 September 2007, Red and White Holdings increased their stake in Arsenal to 21%, and on 28 September 2007 to 23%, a week after Moshiri announced that he wanted at least a 25% holding in the football club. As of June 2012, Red and White Holdings have acquired at least 29.72%. Arsenal managing Director Keith Edelman told BBC Radio 5 Live, "They've said previously they are not going to make a bid for the company and they want to be long-term shareholders."
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