Vital Football

Latest Arsenal FC News

Are We Next For The Yanks?

Are We Next For The Yanks?

Daily Telegraph:

‘A company who invested in Manchester United and then sold their stake to Malcolm Glazer, opening the door for the American to finally take over the club, have in the last six months bought Arsenal shares raising fears among some shareholders, who are also fans, that the London club could go the way of United.

‘It is believed that companies have been attracted to Arsenal because they believe they can make a substantial profit in anticipation of a takeover. Since September 2004 Arsenal shares on the OFEX market have risen dramatically from £1,500 a share to £4,600 now.

‘The Arsenal Supporters Trust, who speak for the small shareholders, alerted by the rise, have investigated and found that in the past six months several professional investment firms have been buying Arsenal shares, thereby pushing up the price.

‘In a letter to small shareholders, which has been seen by The Daily Telegraph, the trust say: 'One of these shareholders was a significant shareholder in Manchester United prior to the bid by the Glazers. An analysis of this investor shows a track record for buying shares in companies that at a later date have received takeover approaches, at which point they make significant profits.'

‘The letter does not say who these investors are but I can exclusively reveal that they are Lansdowne Partners Limited. In October 2003 they sold part of their stake in United to Glazer - the first purchase of United by the American business tycoon and his family.

‘Unlike Manchester United, the Arsenal board exercise complete control and no takeover would be possible without their consent. When I spoke to Peter Hill-Wood, the Arsenal chairman, he said he had no fears of a takeover and the directors had no plans to sell. The directors, along with ITV, own 71 per cent of the club.

‘The supporters' trust believe this makes the 15 per cent of the club owned by small shareholders crucial. Some 1,600 shareholders own 10 or fewer shares and a further 170 shareholders own between 11 and 100 shares.

‘In their letter, the trust say: 'We will never be in a position to prevent an individual gaining 51 per cent or 75 per cent control of Arsenal. What we as small shareholders can do is prevent any one person eventually controlling 95 per cent or more of the club as Glazer has been able to achieve at Manchester United.

‘'This 95 per cent ownership level is important because when this point is reached the shares can be de-listed, as has happened at Manchester United. The financial affairs of the club will no longer be in the public domain and the remaining shareholders are in a completely subordinated position.'

‘Lansdowne's Stuart Roden refused a request by the trust to meet them at the Arsenal annual general meeting.’

Writer:
Date:Thursday October 13 2005
Time: 3:32PM

Comments

0
Arsenal reserves beat Spurs 2-0 on Monday night. Neil Banfield fielded a young side. Strikers Nicklas Bendtner and Arturo Lupoli scored one each.
DP
16/03/2006 12:17:00
0
Arsenal reserves beat Spurs 2-0 on Monday night. Neil Banfield fielded a young side. Strikers Nicklas Bendtner and Arturo Lupoli scored one each.
DP
16/03/2006 12:17:00
Page 1/1
  1. 1

Login to post a comment

Recent Arsenal Articles

Wenger Sad With Top Four Miss

Manager Arsene Wenger has spoken of his disappointment at not seeing Arsenal manage to clinch that Champions League spot this season.

Sanchez In Team Of The Season (23/5/17)

Arsenal are represented in the Premier League Team of the Season that has been selected by BBC pundit Garth Crooks.

2016/17 Second Best Goal Return Ever

The Premier League season of 2016/17 didn't see a new goal record set in the top flight of football on Sunday, however the final day got extremely close.

Kroenke's Arsenal Shares Are Not For Sale

Alisher Usmanov's efforts to wrestle complete control from Stan Kroenke is doomed to fail as Arsenal's majority shareholder has insisted his shares are not for sale.

Archived Vital Arsenal Articles

Vital Arsenal articles from

Site Journalists

Write for Vital Arsenal
Write For Vital Arsenal
Apply Here

Current Poll (see more polls)

Everton MotM
Suggested By:
Cech1%
Holding7%
Koscielny14%
Gabriel0%
Bellerin7%
Ramsey0%
Xhaka0%
Monreal0%
Ozil64%
Sanchez7%
Welbeck0%
Sub - Mertesacker0%
Sub - Coquelin0%
Sub - Iwobi0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Chelsea 38 30 3 5 93 52
2 Spurs 38 26 8 4 86 60
3 Man City 38 23 9 6 78 41
4 Liverpool 38 22 10 6 76 36
5 Arsenal 38 23 6 9 75 33
6 Man Utd 38 18 15 5 69 25
7 Everton 38 17 10 11 61 18
8 Southampton 38 12 10 16 46 -7
9 AFC Bournemouth 38 12 10 16 46 -12
10 WBA 38 12 9 17 45 -8
11 West Ham 38 12 9 17 45 -17
12 Leicester City 38 12 8 18 44 -15
13 Stoke 38 11 11 16 44 -15
14 Crystal Palace 38 12 5 21 41 -13
15 Swansea 38 12 5 21 41 -25
16 Burnley 38 11 7 20 40 -16
17 Watford 38 11 7 20 40 -28
R Hull City 38 9 7 22 34 -43
R Middlesbrough 38 5 13 20 28 -26
R Sunderland 38 6 6 26 24 -40
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Arsenal Results (view all)

Arsenal Fixtures (view all)

May 27 2017 5:30PM : Chelsea (H)
FA Cup

Vital Members League Table

RankNamePoints
1.Naijagunner1
The Vital Football Members League