Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America ClassifiedsGame Report
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
Arsenal Chair "Horrified" by Kroenke Takeover
The Guardian, April 18th, 2007 3:58PM

MOST READ

MOST COMMENTED

American sports tycoon Stan Kroenke has kept mum about whether the purchase of a 10 percent stake in Arsenal FC by his sports conglomerate heralds a future takeover attempt, but Arsenal's Peter Hill-Wood has two words for him: go away. The Gunners' chairman told the Guardian that the club's shareholders had "no intention of selling to some stranger," and would be "horrified to see [it] go across the Atlantic."

Nevertheless, Kroenke Sports Enterprises has added to its stake since purchasing 9.9 percent of the club two weeks ago. According to the Guardian, Kroenke recently bought 659 shares from Danny Fiszman, Arsenal's majority shareholder. Even so, Hill-Wood insists that Fiszman and the other major shareholders have no interest in selling (although former vice chair David Dein, who owns 14.5 percent, might). "These people love Arsenal," Hill-Wood said. "The club has been run for the benefit of supporters, staff and players, and the shareholders would prefer to stay in control than sell out to some stranger without the years of support they have."

As columnist David Conn points out, that sentiment certainly runs counter to the prevailing mood in England today. Just look at Manchester United and Chelsea, a pair of clubs that have benefited greatly from foreign ownership. Not only have they turned the EPL into a two-horse race, they're also meeting in the F.A. Cup final and could meet yet again in the Champions League final after that. Arsenal is now the last of the big four without a rich foreign owner now that Liverpool has been sold-and the pressure to jump on the bandwagon is mounting.

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