Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Kroenke Still Intends to Take over Arsenal
Independent, July 23rd, 2007 2:30PM

MOST READ

MOST COMMENTED

Colorado Rapids owner Stan Kroenke looks to be on a mission to add more Arsenal shares to his 12.2 percent total, according to the Independent. After a meeting with Danny Fiszman, the English Premier League club's largest shareholder, the American billionaire is attempting to join forces to mount a full takeover. The report says the cooperation of Fiszman, who owns 24.11 percent, is the key to Kroenke taking over the club without the bid becoming hostile. Fiszman, however, has already made an agreement with the rest of Arsenal's large shareholders (excluding former vice-chairman David Dein) to resist giving in to a hostile takeover from a third party.

Complicating matters is Kroenke's relationship with Dein, who was originally ousted because he favored a potential takeover by Kroenke. As part of their deal, the former board member would sell his 14.6 percent share to the American in exchange for returning to the club's management. Fiszman and Dein do not get along, however, but should Kroenke prevail, he would obtain 51 percent of Arsenal's shares. With the purchase of another 12 percent belonging to hedge funds and other companies, Kroenke would be in a position to take over the club.

None of this will happen anytime soon, however, as the Americans don't wish for a hostile takeover and Fiszman has indicated no willingness to sell-yet. Meanwhile, Formula One billionaire Bernie Ecclestone last week said he would not rule out the possibility of bidding against Kroenke to take over the Gunners. Ecclestone has a closer relationship to Dein -- Ecclestone's daughter dates Dein's son -- but claims he has made no contact with anybody at Arsenal about the matter.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Five Lessons to Prepare for College Soccer    
Ed McLaughlin, the Athletic Director at Virginia Commonwealth who has been involved in college athletics for ...
Cal South TOPSoccer Program Turns 25    
"We're all soccer players, special needs or not," says Sandy Castillo, chair of the Cal South ...
How Neymar Played in Childhood     
Neyrmar: "I used to pick up the ball, set up the furniture and go around dribbling ...
Chivas USA Youth Players Face Murky Future    
Chivas USA, which folded after the 2014 season, had one of the MLS's most ambitious youth ...
Roma Partnering with U.S. Youth Clubs    
Italian Serie A club Roma, which has American ownership, aims to forge partnerships with seven U.S. ...
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Mourinho Questions Man City's Transfer Policy     
Chelsea coach Jose Mourinho suggested that rival Manchester City is not adhering to UEFA's Financial Fair ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
>> Section 2 Around the Net Archives