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Edleman Quits Arsenal

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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Writer:Rocky7
Date:Thursday May 1 2008
Time: 10:14AM

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Comments

0
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.
01/05/2008 10:23:00
0
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
01/05/2008 10:47:00
0
Well until an a replacement is appointed LD, send 'em to Ken Friar ... acting MD ;)
Rocky7
01/05/2008 10:59:00
0
But I don't have his e mail address! This won't do at all, I need to compl……D'OH!
Little Dutch
01/05/2008 11:03:00
0
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.
01/05/2008 11:09:00
0
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
01/05/2008 11:21:00
0
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
01/05/2008 11:29:00
0
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.
01/05/2008 11:42:00
0
Oh yeah! Shame on me for forgetting it.
AFC85Lew
01/05/2008 12:14:00
0
Does anyone one have an idea of what funds are available for the silly season?
Aussie Gooner
01/05/2008 13:12:00
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