Edelman Leaves Arsenal, Money Matters

Arsenal are the third most valuble club in the world according to Forbes, they value at:

1.Man United at £905m ($1,800m)

2.Real at £646m ($1,285m)

3.Arsenal at £603m ($1,200m)

Moving to Ashburton Grove has played a big part in this, and the man behind much of the move has been Keith Edelman MD at the club since 2000.

Keith has left the Arsenal after 8 years at the club. He had this to say:

“I have thoroughly enjoyed my time at Arsenal. It has been a very exciting period for the business and I am proud to have contributed to the Club’s many off-field achievements over the past eight years, not least the Emirates Stadium project. Now that we have completed our second season at Emirates, I believe it is the right time to seek pastures new and embark upon fresh challenges.”

Peter Hill-Wood said:

“Keith has played a major role in the growth of the Club since he joined in 2000. In that time we have successfully implemented the move from Highbury to Emirates Stadium that has underpinned the future of the business and confirmed our position as one of Europe’s leading clubs. We are grateful to Keith for his crucial role in this transformation.

“Under Keith’s stewardship the Club has achieved record profits and the Board owes him a debt of gratitude for his contribution. We wish him the very best for the future.”

Ken Friar, the previous MD, now becomes Acting Managing Director. There are some conspiracy theories concerning Red & Shite Holdings, and Dein’s involovement, but I think the case is more that Edelamn has done the job he was brought in to do.

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