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Edleman Quits Arsenal

Keith Edleman has resigned his post at Arsenal Football Club.

Edleman spent 8 years at Arsenal, and as the managing director was pivotal in the move to Ashburton Grove.

Keith Edelman said: "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."

With the 'departure' of David Dein almost 12 months ago, what does this spell for Arsenal Football Club?






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The Journalist

Writer: Rocky7 Mail feedback, articles or suggestions

Date:Thursday May 1 2008

Time: 10:14AM

Your Comments

The suddenness of the decision is bound to fuel speculation about boardroom turmoil. He apparently had a meeting with the Supporters Trust scheduled for this month so it doesn't appear that the move was in the planning for very long. He was known to have had a poor relationship with Dein. Will be interesting to see whether any of our major shareholders have had an influence on this decision.
Amos.
Edelman doesn't have many shares, but this could be a big statement of intent from Fat and Orange to buy his nominal holding. Something is certainly not quite right back there. Maybe it's unconnected to the takeover, Edelman made a stupid error by boasting about a £70m war chest in September which has been diminished by lower returns on the Highbury House redevelopment (thank you Labour party). Perhaps with it being painfully clear that the club won't have much to play with this summer, he felt his position untennable? He put the manager under unneccesary pressure. Maybe he opposes Kroenke's increasing involvement? But to be honest, it's more than likely that horrible ******** Dein is coming back and Edelman doesn't want to stick around to work with a man he clearly despised again. Edelman worked very hard to get the stadium in place despite Dein's fierce opposition. I suspect he doesn't feel up to that kind of disruptive influence again. More importantly, who do I e mail now when I want to have a bitch about something at the club????
Little Dutch
Well until an a replacement is appointed LD, send 'em to Ken Friar ... acting MD ;)
Rocky7
But I don't have his e mail address! This won't do at all, I need to compl……D'OH!
Little Dutch
Edelmans shareholding is nominal and in any case he would be party to the lockdown agreement so presumably can only sell to nominated parties. Edelman and Dein dislike each other intensely so any increasing influence Dein might have could be a motivating factor in his departure. That doesn't fit what we have seen so far though. Although the board of directors can appoint a managing director that appointment has to be approved by a majority of the shareholders. The most likely scenario is that the present board acting in tandem with one other shareholder (probably but not neccessarily Kroenke) able to ensure more than 50% of the votes will get the appointment they want. Whatever that might be.
Amos.
A rumour I've heard from my grapevine (which kicks into action in lightspeed it must be said, don't you guys have any work to do??!!) is that Edelman opposed a looming investment.
Little Dutch
quote ''Edelman worked very hard to get the stadium in place despite Dein's fierce opposition'' I was pretty sure Dein was all for the stadium... Edelman can eff off anyway, he aint even Arsenal. All he ever did was bang on about profits, nothing to do with The Arsenal's heritage/history.
AFC85Lew
No - Dein opposed the stadium preferring the option of renting Wembley. Edelman was a sound businessman brought in at a time when the banks and investors would have wanted to see some proven business administrator on the board. Maybe there is just less to keep him occupied now. Can't help feeling that something doesn't seem right though.
Amos.
Oh yeah! Shame on me for forgetting it.
AFC85Lew
Does anyone one have an idea of what funds are available for the silly season?
Aussie Gooner
Errr, probably Wenger and the Board know. I'd say that's about it. But it seems quite clear it's not much, certainly not compared to what Pool, United, the Chavs and Spuds will edge closer to extinction with.
Little Dutch
I hate these stories, I hate all the uncertainty and worry it brings. Bad enuf we all have to watch while the two richest clubs control the top spots in the PL AND the CL and and think "what if?" - now this. I've noticed that in the last couple of weeks Dein has popped up in the news after a long absense from the cameras. Like most gooners I strongly oppose lowlife scumbag Usmanov or anyone like him having any stake in Arsenal. But after witnessing the mancs and chavs control the top spots in England and Europe because of the massive financial gulf, it's hard not to wonder if it's even possible anymore to fight against the "sugardaddy" concept and still win trophies. Is Dein right after all? Is that the disgusting road we have to go down to win trophies? I'm not saying that's what I want but right now it's just hard not to give in to this sense of hopelessness.
jaelle
I'm supposing that it was a high pressure job and that he finally needed a new challenge.. I think sometimes, we must take things at face value and forget about everything else.. I can't see Dein returning, nor can I see Red and White holdings coming anywhere near the board of Arsenal. I just hope that Wenger is given his autonomy (which he has been forever) and that he produces some silver ware next season.
arsenalrulz4ever
Four points behind with two games to go doesn't fill me with a sense oh hopelessness jaelle. Do we know what is happening to Edelman's shares?
MeetTheGunners
MTG, true enuf. That's the same argument I've been using against all the naysayers for weeks now. I'm just expressing what I've been feeling in the last few days what with all the media hoopla about the CL and PL race. Usually I'm pretty good at resisting media hype but this time, the fact that we were very close, that so much of our failure was due to miserable luck and silly errors, coupled with the whole Flamini/Hleb speculation, it has gotten to me. I'll get over it.
jaelle
Oh bloody hell, just as you thought things were settling down a bit...!! I'm with Amos - there is something that doesn't feel right about this. Has Edelman stated that he is selling his stake?
BergkampsBoot
takeover imminent, takeover imminent :-)
merlin
 

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