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
Cavs weather storm to down VCU    
No. 5 Virginia won its fourth straight game against VCU, but thanks to Penn transfer Sam ...
Ferdinand: Moyes' Tactics 'Embarrassing'    
Former Manchester United defender Rio Ferdinand launched a scathing attack on former coach David Moyes in ...
Critic Apologizes to Saints Fans     
Southampton, many critics' pick to be relegated this season after selling so many players during the ...
Inter Crushes Sassuolo, 7-0, Again    
Inter Milan made up for its disappointing 0-0 draw away to Torino on the opening day ...
Simeone Hails Atleti 'Strength'    
Atletico Madrid coach Diego Simeone hailed his team's "strength" as the defending La Liga champ beat ...
Reports: Hamburg Coach Running Out of Time     
The German press claimed that Hamburg SV coach Mirko Slomka is running out of time, as ...
AC Milan Goes Top Following Nine-Goal Thriller     
AC Milan climbed to the top of the Serie A standings on Sunday following a thrilling ...
Wenger: Wilshere Back to His Best    
Arsenal coach Arsene Wenger said that Jack Wilshere is finally back to his best following the ...
Calderon: Ronaldo Could Seek Man United Return    
ESPN reports that former Real Madrid President Ramon Calderon believes Cristiano Ronaldo will return to Manchester ...
Freshmen show off talents in 'fantastic' Big Ten showdown    
No. 8 Wisconsin won a battle of unbeaten Big Ten teams when the Badgers defeated No. ...
>> Section 2 Around the Net Archives