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
Bracewell-Smith Shocked At Removal From Arsenal Board
Telegraph, December 19th, 2008 2:31PM

MOST READ

MOST COMMENTED

Arsenal shareholder Nina Bracewell-Smith, who has a 15.9 percent stake in the club, has spoken out about the way she was treated by her fellow board members, and at her removal from the board.

"I'm in total shock and very upset about the appalling way I have been treated," she said. "The board have no manners whatsoever and my views were ignored on many occasions. I can't understand why I have been removed in such a ruthless fashion. I had no intention of selling my shares and was no threat to the lockdown agreement between the directors."

The "lockdown agreement" was a deal made between the club's directors not to sell their shares outside of their own circle for fear that the club would be subject to a foreign takeover. Denver Nuggets and Colorado Rapids owner Stan Kroenke, who is now on the board as a non-executive director, has a 12.4 percent stake in Arsenal. Red & White Holdings, the investment vehicle of controversial Russian-Uzbek tycoon Alisher Usmanov, holds a 24 percent stake.

"It is very difficult to accept, especially after what my family has done for Arsenal for so many years," said Bracewell-Smith, who was reportedly opposed to the appointment of MLS Deputy Commissisoner Ivan Gazidis as chief executive. "I am extremely upset at what's happened and the way it has been done. I've never had a thought of selling my Arsenal shares and I still don't."

With her shares worth approximately $112 million, don't be surprised if that changes. "Colorado Arsenal" could still happen.

 

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
Report: Real Beats Barca to Promising Youngster    
Real Madrid has beaten Barcelona to the signing of promising youngster Marco Asensio, in what Spanish ...
Guardiola Hopes Messi Stays at Barca     
Bayern Munich coach Pep Guardiola said he hopes "with all my heart" that Lionel Messi ends ...
Man City, Bayern Fans Persist with UEFA Protest    
PA Sport reports that Manchester City and Bayern Munich will continue their "Respect ... Fans" protest ...
Report: Sony to End FIFA Partnership     
Japanese consumer electronics giant Sony will become the second official FIFA sponsor to decide not to ...
Arsenal Fails to Register Giroud for UCL     
Arsenal striker Olivier Giroud will be forced to sit out the Gunners' crucial UEFA Champions League ...
Koeman: Saints Can Finish Top Four    
Southampton coach Ronald Koeman insists his team can remain in the Premier League's top four following ...
Mourinho Downplays Di Matteo's Chelsea Success     
Jose Mourinho refused to be drawn into a comparison with former Chelsea coach Roberto Di Matteo, ...
Report: Barca's Vermaelen May Need Surgery     
Goal.com reports that Barcelona defender Thomas Vermaelen could require surgery to cure the hamstring injury that ...
Messi's Top Ten Records    
Barcelona striker Lionel Messi, who became La Liga's all-time leading scorer (253 goals) following his hat ...
Rodgers Admits His Future Could be in Doubt     
Brendan Rodgers admitted that he could be fired after Liverpool slumped to a fourth successive defeat ...
>> Section 2 Around the Net Archives