Kid Dynamite 7328 Posted June 24, 2007 Share Posted June 24, 2007 True, but it goes a long way. Link to comment Share on other sites More sharing options...
ewerk 31600 Posted June 24, 2007 Share Posted June 24, 2007 On the flipside to all this, Arsenal would perhaps have been a lot more successful if Dein had splashed the cash a bit more when it was needed. Is it worth having a good manager and billionaire owner if the chairman is going to be tight with the purse strings? As far as I'm aware Dein wasn't solely responsible for the budget. Link to comment Share on other sites More sharing options...
snakehips 0 Posted June 24, 2007 Share Posted June 24, 2007 Does Dein still own shares in Arsenal? I thought Dein had sold his shares to Kroenke?? I thought the whole trouble at Arsenal was that Dein had sold his shares to the American and had tried to encourage the other directors to do the same in order to help Arsenal compete with Chewsee and Manure - the other directors refused to follow Dein's lead. Is that right or wrong ?? Link to comment Share on other sites More sharing options...
ewerk 31600 Posted June 24, 2007 Share Posted June 24, 2007 I don't think he actually sold his shares but he would have if he could've convinced the rest of the board to do the same I think. Link to comment Share on other sites More sharing options...
snakehips 0 Posted June 24, 2007 Share Posted June 24, 2007 I don't think he actually sold his shares but he would have if he could've convinced the rest of the board to do the same I think. Aha. Cheers for that. Link to comment Share on other sites More sharing options...
Smitheh 0 Posted June 24, 2007 Share Posted June 24, 2007 The Sunday Sun's "insider" claims that Mike Ashley himself persuaded Freddy Shepherd to stay on after the chairman offered his resignation along with the rest of the board. Link to comment Share on other sites More sharing options...
Andrew 4972 Posted June 24, 2007 Share Posted June 24, 2007 The Sunday Sun's "insider" claims that Mike Ashley himself persuaded Freddy Shepherd to stay on after the chairman offered his resignation along with the rest of the board. Link to comment Share on other sites More sharing options...
Bizza 105 Posted June 25, 2007 Share Posted June 25, 2007 The Sunday Sun's "insider" claims that Mike Ashley himself persuaded Freddy Shepherd to stay on after the chairman offered his resignation along with the rest of the board. -1 for Ashley if thats the case. Link to comment Share on other sites More sharing options...
Jimbo 175 Posted June 25, 2007 Share Posted June 25, 2007 Does Dein still own shares in Arsenal? I thought Dein had sold his shares to Kroenke?? I thought the whole trouble at Arsenal was that Dein had sold his shares to the American and had tried to encourage the other directors to do the same in order to help Arsenal compete with Chewsee and Manure - the other directors refused to follow Dein's lead. Is that right or wrong ?? He currently holds 9,072 shares (14.6%) in the club and is the third largest shareholder. Link to comment Share on other sites More sharing options...
Craig 6702 Posted August 30, 2007 Share Posted August 30, 2007 Does Dein still own shares in Arsenal? I thought Dein had sold his shares to Kroenke?? I thought the whole trouble at Arsenal was that Dein had sold his shares to the American and had tried to encourage the other directors to do the same in order to help Arsenal compete with Chewsee and Manure - the other directors refused to follow Dein's lead. Is that right or wrong ?? He currently holds 9,072 shares (14.6%) in the club and is the third largest shareholder. BBC News ticker has just reported that Dein has sold his Arsenal shares for £75m.... Expect the rumour mill to get into full swing! Source: http://news.bbc.co.uk/1/hi/business/6971124.stm Link to comment Share on other sites More sharing options...
ewerk 31600 Posted August 30, 2007 Share Posted August 30, 2007 Hhhmm, sold to a Russian billionaire. Link to comment Share on other sites More sharing options...
Jimbo 175 Posted August 30, 2007 Share Posted August 30, 2007 Not going to happen: Ex-Arsenal vice-chairman David Dein has sold his 14.5% stake in the club to a firm co-owned by a Russian billionaire. The involvement of Alisher Usmanov, who paid £75m for the holding, adds to pressure on the club's board to give in to a takeover. Mr Dein has been named chairman of the firm, Red & White Holdings, allowing him a way back into Arsenal. He left the board after it failed to back his plan for the club to be taken over by American Stanley Kroenke. Mr Kroenke, a US tycoon, has been linked with a potential takeover of Arsenal after building up a 12.19% stake in the club. He was among the favourites to buy Mr Dein's shares. 'Best outcome' Mr Usmanov's firm, Red & White Holdings, is co-owned by London-based investor Farhad Moshiri. It said it wanted to up its stake in Arsenal over time, but it stressed there were no plans for an imminent increase in its holding. Red & White said it felt it crucial that manager Arsene Wenger stayed at Arsenal as he was "vital to the future success of the club". Mr Dein, a close ally of Mr Wenger, said the club needed people or consortia "prepared to invest previously unimaginable sums aimed at winning the game's biggest prizes". He added was "delighted" to have found investors who shared his vision for the club. "I have always had the best interests of Arsenal at heart. I've had a love affair with the club since I was six," he said. "My ambition remains to play an active role in Arsenal again. My immediate intention is to work with others to provide the financial resources necessary to turn the vision into reality. "I firmly believe that the involvement of Red & White with a significant stake and the long-term commitment of Arsene Wenger are absolutely the best outcome for the club, fans and shareholders alike." Mr Moshiri said the new investment would help it maximise the club's revenue streams. "Arsenal is a great club with huge potential and we look forward to increasing our stake and exploring ways to help support the future development of the club for the benefit of all fans and shareholders," he said. Link to comment Share on other sites More sharing options...
Lazarus 0 Posted August 30, 2007 Share Posted August 30, 2007 Fecking hell - i had to check the date on this therad! Link to comment Share on other sites More sharing options...
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