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
Kroenke Ties Force Dein Out of Arsenal
The Guardian, April 19th, 2007 3:22PM

MOST READ

MOST COMMENTED

The Arsenal takeover situation got a little more interesting on Wednesday after major shareholder David Dein, Arsenal's former vice chairman, vacated the club's board with immediate effect. Dein has been involved with the North London club for 24 years; he's also a prominent figure in European soccer politics, most recently chair of the G-14 group of Europe's major soccer clubs, a position he will now lose. A brief statement from Arsenal chairman Peter Hill-Wood said there were "irreconcilable differences between Mr. Dein and the rest of the board" that "necessitated a parting of the ways." Apparently, Dein didn't resign.

The Guardian claims "there is no question" those differences relate to American businessman Stan Kroenke's recent purchase of an 11.26 percent stake in Arsenal. Hill-Wood on Tuesday made it clear that he's adamantly opposed to a takeover, adding that at least three of the directors, who between them own 44 percent of the club, had "no intention" of selling to Kroenke. However, the agreement not to dispose of their shares lasts for only one year, according to the statement.

Now that Dein has left Arsenal, you can be sure Kroenke Sports Enterprises will be inquiring about Dein's remaining stake in the club. The Guardian believes that Dein had met with Kroenke and was more sympathetic to a potential sale.

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: Arsenal Leads EPL with 900 Injuries in 12 Seasons    
According to a report from PhysioRoom.com, which monitors sports team injuries, Premier League giant Arsenal has ...
Underdog BATE Bounces Back Against Bilbao     
Despite losing its opening game to FC Porto, 6-0, underdog BATE Borisov found itself right back ...
Bayern Bosses Slam CSKA's Empty Stadium     
Bayern Munich coach Pep Guardiola admitted there were few benefits to playing in an empty stadium ...
Diego Costa Ready to Play for Spain, Despite Mourinho     
Diego Costa on Wednesday declared himself fit to play for Spain despite club coach Jose Mourinho's ...
Totti: Man City's Tweet Inspired Me to Score    
AS Roma captain Francesco Totti claimed that Manchester City brought him luck by referencing him prior ...
PSG Tames Barca in UCL Thriller    
Paris Saint-Germain might finally have what it takes to win the UEFA Champions League, coach Laurent ...
The case for more female coaches in youth soccer    
Nicole Farley, who coaches at Southern California's Laguna United SC and Dana High School, says "I ...
Nasri to Miss a Month Following Surgery     
Manchester City midfielder Samir Nasri will miss a month after having groin surgery over the weekend. ...
Herrera Out as Man United Injury Crisis Worsens    
Manchester United midfielder Ander Herrera will be out for "weeks" with a fractured rib in yet ...
Giroud Signs Gunners Extension    
Goal.com reports that injured Arsenal striker Olivier Giroud has signed a two-year contract extension with the ...
>> Section 2 Around the Net Archives