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


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
Reports: Messi Close to Barca Pay Raise    
According to reports in Spain, Lionel Messi is close to agreeing a contract extension with Barcelona ...
Scholes Named Man United Assistant Coach     
Paul Scholes on Wednesday was named as an assistant coach to interim Manchester United coach Ryan ...
FIFA Suspends Barca Transfer Sentence    
FIFA on Wednesday temporarily suspended the transfer ban handed to Barcelona for violating its rules regarding ...
Donovan on Moyes     
Landon Donovan on Wednesday sounded off on the news that Manchester United had fired head coach ...
Moyes Speaks Out About United Dismissal     
David Moyes on Wednesday broke his silence after being fired as head coach of Manchester United ...
Simeone: Atleti Tried to Score vs. Chelsea    
Diego Simeone said that in contrast to Chelsea, Atletico Madrid tried to score during the first ...
Mourinho Would Field Weakened Team at Anfield     
Jose Mourinho suggested that Chelsea might have given up on the Premier League title after the ...
Scolari turns criticism back onto the critics    
Brazil coach Luiz Felipe Scolari is shrugging off criticism of several players as tension and excitement ...
Qatar begins down-sizing World Cup plans    
Qatar plans to scale back plans for the World Cup it is scheduled to host in ...
German unions request leniency for late arrival during World Cup    
German union leaders want employers to show leniency towards their soccer-supporting workers by allowing them to ...
>> Section 2 Around the Net Archives