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.’

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football

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

Best of Vital Network

Vital Boxing - Khan Ready for Alvarez

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

The Arsenal Walking Wounded - Injury List

Our weekly update looking at the injury table for Arsenal FC and also comparing with all our competitors in the Premier League.

Congratulations Leicester City

The Foxes are Premier League Champions

Who Will Arsenal Face In 2016/17 (3/5/16)

With less than a handful of games remaining in the 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Wenger Comments On Fan Protests

Arsenal manager speaks about a tough weekend

Archived Vital Arsenal Articles

Vital Arsenal articles from

Site Journalists

Rocky7
Editor email
Profile
ClockEnd124
no email
Profile
Amos
no email
Profile

Current Poll (see more polls)

Is it time for Wenger to go?
Suggested By:
Yes73%
No23%
In The Summer4%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 36 22 11 3 77 30
2 Spurs 36 19 13 4 70 39
3 Arsenal 36 19 10 7 67 25
4 Man City 36 19 7 10 64 30
5 Man Utd 35 17 9 9 60 12
6 West Ham 35 15 14 6 59 17
7 Southampton 36 16 9 11 57 14
8 Liverpool 35 15 10 10 55 11
9 Chelsea 35 12 12 11 48 7
10 Stoke 36 13 9 14 48 -14
11 Everton 35 10 14 11 44 6
12 Watford 35 12 8 15 44 -6
13 Swansea 36 11 10 15 43 -13
14 WBA 36 10 11 15 41 -14
15 AFC Bournemouth 36 11 8 17 41 -20
16 Crystal Palace 36 10 9 17 39 -10
17 Newcastle 36 8 9 19 33 -25
18 Sunderland 35 7 11 17 32 -18
19 Norwich 35 8 7 20 31 -26
R Aston Villa 36 3 7 26 16 -45
Latest F1 News
Latest Vital Boxing News

Recent Arsenal Results (view all)

Arsenal Fixtures (view all)

May 8 2016 4:00PM : Manchester City (a)
Barclays Premier League
May 15 2016 3:00PM : Aston Villa (H)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.Wyn Mills5
2.Amos.4
3.Galway Gooner4
4.NYArse1
5.Naijagunner1
6.Leon Kingsford1