Russian billionaire and major shareholder in English Premier League leaders Arsenal FC, said he sees nothing wrong in Russians investing in foreign soccer clubs. Usmanov`s Red and White Holdings Ltd. bought last Friday a further 2% in Arsenal FC bringing the total stake to 23%. "What is wrong if Russian capital plays a part in the best soccer team in the world," he said. "We will learn to win together and as a shareholder I will enjoy cheering [for the team] as a fan." Usmanov is now the second largest shareholder in the `Gunners` after Danny Fiszman, who is the club director and holds a 24% stake in the club. The Russian billionaire said earlier he intended to acquire a blocking stake of 25% plus one share in the club. The purchase of the additional 2%, which British tabloid The Sun said was worth $12.1 million, came four days after Arsenal was named the richest soccer club in the country. Last Monday Arsenal`s management said the club`s income increased between June 1, 2006 and May 31, 2007 by 274% or by $103.24 million reaching over $403.28 million. Peter Hill-Wood, the long-time chairman of the Arsenal board, is not enthusiastic about the Russian billionaire`s purchase and is openly calling on other shareholders to prevent Usmanov, who is apparently a Manchester United fan, from gaining a controlling stake. Usmanov is the second Russian to invest in the English Premier League after another billionaire, Roman Abramovich, bought Chelsea FC in 2003 and has since invested about $893 million in the club.