Hill-Wood can’t deny shareholders in a market economy + Dein is off.

Peter Hill-Wood the Arsenal chairman has spoken out about possible takovers at Arsenal FC.

He sensibly made the point that the Board don’t want to sell, they want to keep the club as it is, but in a market economy, if someone will buy ath the right price, you can’t stop shareholders from selling.

“If somebody came and made a really huge bid then you cannot recommend shareholders turn it down because we don’t like it.

“We want the club to stay in its current ownership and, of course, you have some concern that someone will try to buy the club.

“The directors don’t want to sell but we are a public company. It depends on the price.”

This is nothing more than stating the obvious, so I wouldn’t worry too much, it is just the media getting a story off the back of the Man City takeover.

Of course if someone bids a massive amount of money then shareholders are allowed to sell. Luckily the Board are currently in a lockdown agreement, which means that the biggest shareholders aren’t allowed to sell their chunks of the club.

The main contender is Usmanov, who has something like a 24% stake, he only needs 30% to be able to launch a takeover bid. The lockdown agreement makes this very hard for him to do.

I don’t want to see Arsenal sold to a foreign owner, I like the way the club is run and I think we can be successful without a foreign billionaire bankrolling the club and overruling the manager on many matters.

You only have to look at Chelsea – Mourinho sacked, Shevchenko saga, or Man City – Sven outrageously sacked – to see what unstability such oligarchs can create.

In a related story, David Dein, the man who was helping Usmanov in his bid to buy the club, has stepped down from his role at Red & White Holdings. According to the Daily Mail he has done this to improve Usmanov’s relationship with the club.

“Dein realises that there is now no chance of Usmanov having the type of input into Arsenal — and a possible seat on the board — his shareholding merits while the former Arsenal vice-chairman remains so closely tied to him, such is the hostility towards Dein.”

Dein believes that Arsenal need a billionaire owner to compete in the modern world of football, I think that he realises that his relationship with Arsenal is bad, and Usmanov is better off without him.

I have mixed feelings about the guy, he has done a lot of good for the club, but seems to have gone off the rails slightly. I would imagine that he will still have some level of involvement with Usmanov, but not in the public sphere.

Where are Arsenal heading? Transfers and Chief Executives

According to Arsene Wenger, Arsenal are close to appointing a new Chief Executive. The position has been filled by Ken Friar, the ex-Managing Director, since Keith Edelman’s departure in April.

The lack of leadership in this position perhaps explains why we have struggled to bring players in this season.

Wenger told Arsenal.com:

“It is progressing quite well. We are getting to the end of the story. I am involved in it and I am consulted for it but it is down to the board to make that decision.

“Having consulted me, they will take the responsibility to name the right person. I think the decision will be made soon but I don’t know exactly when.”

A rather large hole was created when David Dein left the club, and we need someone who can play his role in the day to day running of the club, and in transfer negotiations. The Board seem rather distanced from Wenger, and we have been in limbo since the depature of David Dein.

Hopefully a new appointment will help iron out difficulties and play a large role in Wenger’s relations with the board and in transfer negotiations.

Talking of transfers, it was disappointing to see that we hadn’t snapped up a last minute midfielder on deadline day, but it will be interesting to see what happens in the coming days, as we are linked with Ghana’s Steven Appiah, who played for Ghana last night.

He would be available on a free, so we coud sign him up straight away, but he has struggled with knee injuries, and we don’t need any more injury prone players. Also I’m a little worried that clubs such as West Ham have shown the most interest..

Also, a bit of fun here, check out this post by Block19er at Clockenders.

I’ve also been introduced to a news service called FeedZa recently. You can see their football section here, and vote for stories you like. They list a lot of sites and it makes interesting reading, but it needs your input! Have a go!

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.