Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Bracewell-Smith Shocked At Removal From Arsenal Board
Telegraph, December 19th, 2008 2:31PM
Subscribe to Section 2 Around the Net

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
    Youth soccer fights back against 49ers    
    Northern California youth soccer advocates, including Santa Clara Youth Soccer League President Tino Silva, have launched ...
    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 ...
    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 ...
    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 ...
    Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
    According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
    Serie A to Introduce Goal-Line Technology    
    Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
    >> Section 2 Around the Net Archives