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Hill-Wood: No Offers & Not For Sale

Yesterday was the day of the AGM and with it brought a grilling for the Arsenal board over the rumours & concerns of a possible takeover, Chelsea style, of Arsenal Football Club.

I guess to a club like Chelsea who were in financial dire-straights the sight of Roman Abramovitch's rubles were like an oasis in the Sahara, but to a self suffcient club like Arsenal, we have no need for such investors.

Indeed the board confirmed that we could still remain operational and have the fiscal matter to pay off the debts with an average crowd of 32,000, but lets face it, it'll never drop that low.

Most Arsenal fans are united in the fact that we would not, strike that, DO NOT want our club to be sold to any Russian, or American for that matter, billionaires. Even though we have our gripes with the board and grow increasingly frustrated with decisions that have been made without the fans in mind, we know that everything is being done with the club in mind.

The guys on the board are Arsenal men, and they would never do anything to harm the club. They know Arsene Wenger and what he is capable of and leave him to the business of winning trophies, could we really risk some buffoon taking over and deciding he knows whats best? I don't think so.

Peter Hill-Wood did his best to lay everyone's mind at ease at the AGM yesterday with a brief but a very 'matter-of-fact' statment.

'We made a statement to Ofex when there were recent rumours of a takeover,' said Hill-Wood. 'We assured the Stock Exchange that we had not had an approach, we were not seeking an approach and we had absolutely no intention of selling to a foreign buyer.'




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The Journalist

Writer: Rocky7 Mail feedback, articles or suggestions

Date:Friday October 20 2006

Time: 8:56AM

Your Comments (oldest first)

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I think long term your club will be a lot better off than chelski , what will happen when Roman gets bored with his toy and leaves ??
dazednconfuzed
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20/10/2006 09:02:00

veeery true people hope we never sell
mish
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20/10/2006 09:43:00

We had a meeting at the gooner two weeks ago and a guy called Nigel Phillips came along, he's the secretary of the supporter's club. He made the point that nearly all of our majority shareholders are over 65, so the long term of our club is in no way insulated from this kind of thing. The supporters trust are urging supporters to buy shares and join the trust so that fans can have a really big say in the club and try and protect us from this kind of threat. This guy does a HUGE amount of work for free, he has tried- and in most cases succedded- in meeting with every single Arsenal shareholder in his own free time. The big question is over Lady Bracewell Smith, who has inherited a huge share and is unwilling to declare her plans for it. ITV have also said they are willing to sell. Dein himself will not even divulge his plans and commit long term.
Little Dutch
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20/10/2006 20:20:00

I will be gutted and devastated if Arsenal ever lands in some mongrel's hands.
SWPACIFIC
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21/10/2006 06:25:00

 

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