The richestman in Russia and a major shareholder in Arsenal football club has come forward as the buyer of James Watson's Nobel medal - declaring that he nowplans to give the piece back.

Alisher Usmanov, the Russian entrepreneur, paid $4.1m (£2.6m) for the medal at an auction at Christie's in New York city last week, but said hewill return it to Watson, who with Francis Crick and Maurice Wilkins, shared the 1962 Nobel prize in medicine for discovering the double helicalstructure of DNA.

Usmanov, whose steel, mining and other assets are worth $15bn according to Forbes, said he wanted the medal to remain with its rightful owner andfor the money he spent on the item to be donated to scientific research.

"In my opinion, a situation in which an outstanding scientist has to sell a medal recognising his achievements is unacceptable," Usmanov said in astatement.

"James Watson is one of the greatest biologists in the history of mankind and his award for the discovery of DNA structure must belong to him," headded.

Watson became the first living laureate to auction his Nobel medal in a sale that earned far more than the $3m that some experts had predicted.Last year, the family of Francis Crick, who died in 2004, sold his medal for $2.27m.

Beforethe auction, Watson said he was selling the medal to raise money for the Cold Spring Harbor Laboratory in Long Island, from where he was suspended aschancellor after he claimed that black people were not as intelligent as whites.

After the unusual intervention, Usmanov said that Watson could now keep the medal but donate the proceeds of the sale to the research institutionsthat had "nurtured him", including the universities of Cambridge, Chicago and Indiana.

"Dr Watson's work contributed to cancer research, the illness from which my father died. It is important for me that the money that I spent onthis medal will go to supporting scientific research, and the medal will stay with the person who deserved it. I wouldn't like the medal of thedistinguished scientist to be an object on sale," Usmanov's statement said.

To read the complete article, see:
Billionaire boughtJames Watson's Nobel prize medal in order to return it(www.theguardian.com/science/2014/dec/09/russian-billionaire-usmanov-james-watson-nobel-prize-return-scientist)

To read the earlier E-Sylum articles, see:
JAMES WATSON'S 1962 GOLD NOBEL PRIZE MEDAL (www.coinbooks.org/esylum_v17n49a23.html)
WATSON'S 1962 NOBEL MEDAL BRINGS $4.75 MILLION(www.coinbooks.org/esylum_v17n50a13.html)