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Kroenke welcomed on Board

Kroenke welcomed on Board

The publication of a letter to Stan Kroenke on the Arsenal Supporters Trust website yesterday seems to have encouraged the Independent to claim that Kroenke will join the Arsenal board 'within weeks`.

The AST letter thanks Kroenke for hosting their members on a trip to Denver this month and expresses the sentiment that they would welcome him to the board:

"The AST is aware that you are in the process of developing your own personal relationships with members of the Arsenal Board of Directors and are considering what active involvement you might have.

The AST are supportive of the work of the current Board at Arsenal and the business model they operate based on ensuring long-term stability by living within their means - paying their own way. The AST would welcome you joining the Board of Arsenal Football Club to complement their work. Your experience in property development, sports marketing and tv rights will undoubtedly add value to the Board."

The Independent in an article published today written by Nick Harris claims that the board are putting Kroenke in position to take over control of the club and that he will be given first refusal to take over a majority of the club`s shares for the next four years. This is drawn from the assumption that by joining the board he will join the present 'lock down agreement` between the boards shareholders which has another 4 years to run.

The article goes on to clarify that there aren`t any immediate plans for him to take control:

"Kroenke will not own a controlling stake in Arsenal just yet. The 'friends and family' group of core directors, headed by Danny Fiszman (24.1 per cent owner) and Lady Nina Bracewell-Smith (15.9 per cent) have shown no appetite to sell, immediately at least."

Are the AST just expressing their wishes having been impressed by Kroenke`s team on their recent trip or have they picked up some vibes that seem to suggest things are moving in this direction? I think that the chain of events leading up to Kroenke concluding the 50% purchase of Arsenal Broadband and the subsequent 'noises` from the boardroom are already a fair indication of the direction affairs are taking.

To read the full text of the AST letter click here

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Click here to join in the debate on the club forum.

Writer:Amos
Date:Friday June 20 2008
Time: 1:17AM

Comments

0
Maybe Stan can buy him for us then eh!!! http://www.onlinegooner.com/exclusive/index.php?id=654
MrArsenal
20/06/2008 09:30:00
0
Maybe Stan can buy him for us then eh!!! http://www.onlinegooner.com/exclusive/index.php?id=654
MrArsenal
20/06/2008 09:30:00
0
Was always happy enough to have Stan sniffing about the club. He seems to be a decent enough guy and has been successful with other teams he has been involved in. And if it keeps Usmanov at bay then i am even more for it!
Unwell
20/06/2008 12:01:00
0
Was always happy enough to have Stan sniffing about the club. He seems to be a decent enough guy and has been successful with other teams he has been involved in. And if it keeps Usmanov at bay then i am even more for it!
Unwell
20/06/2008 12:01:00
0
A logical progression of Kroenke's involvement with the club. His commercial experience could be valuable in increasing marketing revenues.
prits
20/06/2008 12:19:00
0
A logical progression of Kroenke's involvement with the club. His commercial experience could be valuable in increasing marketing revenues.
prits
20/06/2008 12:19:00
0
Great news about Clichy signing a long term deal. Both fullbacks now fully committed. Good times!
MrArsenal
20/06/2008 17:26:00
0
Great news about Clichy signing a long term deal. Both fullbacks now fully committed. Good times!
MrArsenal
20/06/2008 17:26:00
0
On a side note. I have been editor of this site for nearly 3 years now, Amos has been on the team for 2 days and he has his articles looking prettier than mine already!!! LOL
Rocky7
20/06/2008 19:02:00
0
On a side note. I have been editor of this site for nearly 3 years now, Amos has been on the team for 2 days and he has his articles looking prettier than mine already!!! LOL
Rocky7
20/06/2008 19:02:00
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