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Stan's the main man

Having bought 5,000 shares today from Danny Fiszman, Stan Kroenke now becomes the biggest shareholder on the board with 20.5% of the total shareholding. He isn`t the biggest shareholder overall, that is Alisher Usmanov who holds some 25% through his Red&White Holdings interest. Fiszman remains a significant shareholder still at 16.1%.

The announcement follows a story at the weekend that Lady Nina, who holds 15.9% , was contemplating selling her shares. Ivan Gazidis, the club`s new CEO, admits that while he has had a couple of meetings with Usmanov and Moshiri he has yet to 'initiate a dialogue` with her. He does say that Lady Nina hasn`t said that she was looking to sell her shares but if that were the case there would be interest from the current board in acquiring them.

This process of shareholder succession has been going on for some time. The current board with Fiszman and Kroenke working in tandem looks to hold the strongest hand and with today`s transfer of shares Kroenke is now the strongest partner. In practice though that may have been the case for some time.

A story in the recent book by Fynn and Whitcher tells of the time in April 2008 when Edelman sat alongside Kroenke at a match chatting sporadically to Stan who listened patiently but silently. By the end of the month Edelman was gone. His replacement, which seemed to take an age, was to be a man well known to Kroenke, in the form of Gazidis who was a member of the founding management team of the MLS and later became its deputy commissioner. It was a decision that was not apparently endorsed by Lady Nina and supposedly led to her departure from the board.

Gazidis said today "He [Kroenke] is someone I have known since 2003 when he became a member of Major League Soccer`s board - I used to work at Major League Soccer. He is really a model owner, he is an owner in a number of different US sports leagues. He takes a long-term view and he believes in the model that Arsenal is being run on, that of self-sustainability. He has developed a good relationship with the other members of the Board. I think the fact that Danny has felt comfortable selling his shares to Stan speaks volumes"

Undoubtedly there are some acts still to be played in this board room saga. But while, at the moment, it looks as those Kroenke has the greater grip on the clubs levers importantly the concept of multiple ownership seems set to live on for some time yet.



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The Journalist

Writer: Amos Mail feedback, articles or suggestions

Date:Monday March 30 2009

Time: 11:57AM

Your Comments

When one of Kroenke or Usmanov finally take over, I walk away from my club. Will be a sad day, but I can't bring myself to support a club run by a rapist or somebody who made his fortune by putting the little man out of business. My interest is already waning in favour of lower league football both here in Oz and in England, soon i think my love for Arsenal will die completely. Melodramatic, yes, but true none the less.
Ozi Gooner
When one of Kroenke or Usmanov finally take over, I walk away from my club. Will be a sad day, but I can't bring myself to support a club run by a rapist or somebody who made his fortune by putting the little man out of business. My interest is already waning in favour of lower league football both here in Oz and in England, soon i think my love for Arsenal will die completely. Melodramatic, yes, but true none the less.
Ozi Gooner
Calm down Oz. Apart from being a bit silly, you have to accept that football has moved on.
Tom14
Calm down Oz. Apart from being a bit silly, you have to accept that football has moved on.
Tom14
You can except whatever you want, I personally wouldn't ask or expect anybody to follow my lead, I just can't personally justify my world view with supporting a club owned by either individual who stand for everything I'm against. Some things in life are bigger than football, as hard as that can be to admit.
Ozi Gooner
You can except whatever you want, I personally wouldn't ask or expect anybody to follow my lead, I just can't personally justify my world view with supporting a club owned by either individual who stand for everything I'm against. Some things in life are bigger than football, as hard as that can be to admit.
Ozi Gooner
I think we are still some way from either taking over the club though between the two of them (Usmanov and Kroenke) they own almost half of it. The present model of multiple ownership is best for the club - hopefully it can be sustained.
Amos.
I think we are still some way from either taking over the club though between the two of them (Usmanov and Kroenke) they own almost half of it. The present model of multiple ownership is best for the club - hopefully it can be sustained.
Amos.
The destination of Lady Nina's 15.9% share is surely the key pawn in the boardroom shenanigans now. I simply cannot see her holding onto that much of a shareholding now.
Little Dutch
The destination of Lady Nina's 15.9% share is surely the key pawn in the boardroom shenanigans now. I simply cannot see her holding onto that much of a shareholding now.
Little Dutch
The more I think about the forcing out of Lady Nina, the more I think it was a decision thats ultimate aim was to alienate her and make her sell her shares. She was committed to the club for the long term through family, and was not involved in it as a business in the way a Fizman is, and that whole affair leaves a sour taste that I can't help feel was a deliberate ploy in a long held plan to slowly ease the fans into the idea of the clubs sale to avoid a clash with fans like that at United with the Glazers.
Ozi Gooner
The more I think about the forcing out of Lady Nina, the more I think it was a decision thats ultimate aim was to alienate her and make her sell her shares. She was committed to the club for the long term through family, and was not involved in it as a business in the way a Fizman is, and that whole affair leaves a sour taste that I can't help feel was a deliberate ploy in a long held plan to slowly ease the fans into the idea of the clubs sale to avoid a clash with fans like that at United with the Glazers.
Ozi Gooner
Oz what are you talking about?! Arsenal was founded on exactly that!! Herbert Chapman all the way through to Dein have done exactly what you've described as 'making their fortune by putting the little man out of business', show me a (succesfull) businessman that hasnt!? What i want to know is, what's happened to this 'lock down'?
shewore
Oz what are you talking about?! Arsenal was founded on exactly that!! Herbert Chapman all the way through to Dein have done exactly what you've described as 'making their fortune by putting the little man out of business', show me a (succesfull) businessman that hasnt!? What i want to know is, what's happened to this 'lock down'?
shewore
u jokin ozi rite?
gunnerchi
u jokin ozi rite?
gunnerchi
The sale of the shares could go ahead under the 'lock down' agreement provided that those party to the agreement (shareholding board members) consented. Hence once Lady Nina was removed from the board she was no longer a party to the agreement and therefore any objection she may have had wouldn't matter.
Amos.
The sale of the shares could go ahead under the 'lock down' agreement provided that those party to the agreement (shareholding board members) consented. Hence once Lady Nina was removed from the board she was no longer a party to the agreement and therefore any objection she may have had wouldn't matter.
Amos.
Yes shewore, you could make that argument, except never so effectively as you could for somebody who draws the vast majority of his wealth from the Wall-Mart empire, the largest scale operation destroying small retail businesses anywhere in the world.
Ozi Gooner
Yes shewore, you could make that argument, except never so effectively as you could for somebody who draws the vast majority of his wealth from the Wall-Mart empire, the largest scale operation destroying small retail businesses anywhere in the world.
Ozi Gooner
Cheers Amos, always thought that lock down was a load of old bollox anyways. Ozi - not trying to argue either way mate, and i have seen that South Park episode with WallMart, and i'm well aware of the effect it must have on American Towns.
shewore
Cheers Amos, always thought that lock down was a load of old bollox anyways. Ozi - not trying to argue either way mate, and i have seen that South Park episode with WallMart, and i'm well aware of the effect it must have on American Towns.
shewore
lol at South Park, yes that is where all my information on Wal-Mart comes from haha. Seriously though, as I said, I'm just expressing my opinion. I dont expect you or anyone else here to follow it, but I expect, like with the breakaway FC United of Manchester, there will be a small minority of Arsenal fans who will not tolerate it.
Ozi Gooner
lol at South Park, yes that is where all my information on Wal-Mart comes from haha. Seriously though, as I said, I'm just expressing my opinion. I dont expect you or anyone else here to follow it, but I expect, like with the breakaway FC United of Manchester, there will be a small minority of Arsenal fans who will not tolerate it.
Ozi Gooner
Only thing Ozi is Stan DOESN'T draw most of his money (if any) from the Wal Mart empire. 15 years or so ago his wife inherited a chunk of Wal Mart shares from her father, who was one of the founders. Now she is just a shareholder and has no formal capacity, seat on the board, or any decision making powers at Wal Mart- you can't attack Stan for something HIS WIFE can't change and to withdraw your support of Arsenal is misguided at best, nonsensical at worst.
elbondo
Only thing Ozi is Stan DOESN'T draw most of his money (if any) from the Wal Mart empire. 15 years or so ago his wife inherited a chunk of Wal Mart shares from her father, who was one of the founders. Now she is just a shareholder and has no formal capacity, seat on the board, or any decision making powers at Wal Mart- you can't attack Stan for something HIS WIFE can't change and to withdraw your support of Arsenal is misguided at best, nonsensical at worst.
elbondo
FC Arsenal all day, would be blinding. Decide on the day if you wanna go, terracing... ahhhh
shewore
FC Arsenal all day, would be blinding. Decide on the day if you wanna go, terracing... ahhhh
shewore
elbondo, you're right, he doesn't draw most of his money from Wal-Mart now, though he did use some of that Wal-Mart money to help build his sports empire. To say that they are not in essence one and the same is like saying that because Berlusconi doesn't now draw all his money from dealings with the Calabrian mafia makes the fact that mafia dealings is where his initial fortune came from irrelevant. History facilitates the future, and in this case, Wal-Mart is his history.
Ozi Gooner
elbondo, you're right, he doesn't draw most of his money from Wal-Mart now, though he did use some of that Wal-Mart money to help build his sports empire. To say that they are not in essence one and the same is like saying that because Berlusconi doesn't now draw all his money from dealings with the Calabrian mafia makes the fact that mafia dealings is where his initial fortune came from irrelevant. History facilitates the future, and in this case, Wal-Mart is his history.
Ozi Gooner
That's my question too - isn't Kroenke a self-made kind of guy? He just married this rich heiress or something like that?
GoonerLou
That's my question too - isn't Kroenke a self-made kind of guy? He just married this rich heiress or something like that?
GoonerLou
I think Kroenke is at least a responsible guy who honestly wishes the best of the club rather than Umansov. The most irresponsible ones ever are the ones at the Kop end.
stukazufuss
I think Kroenke is at least a responsible guy who honestly wishes the best of the club rather than Umansov. The most irresponsible ones ever are the ones at the Kop end.
stukazufuss
Having supposedly had a dispute with the current Arsenal board, Lady Nina may be hesitent in selling to any of their members, but of course her family interests will mean that she'd be regretful selling to Usmanov. Maybe she'll just have to stick with the burden for a while until peace can be made with the board or somebody new comes along?...
ArsenalRob
Having supposedly had a dispute with the current Arsenal board, Lady Nina may be hesitent in selling to any of their members, but of course her family interests will mean that she'd be regretful selling to Usmanov. Maybe she'll just have to stick with the burden for a while until peace can be made with the board or somebody new comes along?...
ArsenalRob
I wish I can be as "principled" as oz, but me, I'm a gooner for live. Kroenke, Usmanov, whoever, they'll come, and I'm sure they'll go. Me? I'll die a gooner. But I do hope, that the essence of the club will not be lost in the haze of mercantile expediency.
deledudu
I wish I can be as "principled" as oz, but me, I'm a gooner for live. Kroenke, Usmanov, whoever, they'll come, and I'm sure they'll go. Me? I'll die a gooner. But I do hope, that the essence of the club will not be lost in the haze of mercantile expediency.
deledudu
Ozi, this attitude will not make you sleep better at night. What if we sell Diaby and you are not around to share the pain!!!??
Tom14
Ozi, this attitude will not make you sleep better at night. What if we sell Diaby and you are not around to share the pain!!!??
Tom14
Stan wealth is estimated to be about $3.5 billion in his own right and based primarily on real estate. His wealth has nothing to do with his wife being one of the heirs to walmart which she got from her father dying. I would rather him take over than that russian ****
lukychmz
Stan wealth is estimated to be about $3.5 billion in his own right and based primarily on real estate. His wealth has nothing to do with his wife being one of the heirs to walmart which she got from her father dying. I would rather him take over than that russian ****
lukychmz
these *****ed up internationals. Van Persie has picked up a groin injury, while Bendtner has a knee concern. first week of April, the business end of the season. is this a time to play international games, total chutyagiri..
luckys_10
these *****ed up internationals. Van Persie has picked up a groin injury, while Bendtner has a knee concern. first week of April, the business end of the season. is this a time to play international games, total chutyagiri..
luckys_10
Unfortunately I cant see us retaining shared ownership as it stands today and this must be a transition to Kroenke becoming the main man. The strange thing is that my initial reaction was almost relief! I wonder if we've been so manipulated by the Usmanov involvement that Stan is suddenly like the white knight. That's the funny thing for me anyway as I was (and still am) against an owner who is so distant or not from 'the family' so to speak. Kroenke feels like "the best of the rest" solution and my position is grudging acceptance that things have changed like this. I doubt very much we will ever see any "Kroenke Out!" banners.
Andy-bayor
Unfortunately I cant see us retaining shared ownership as it stands today and this must be a transition to Kroenke becoming the main man. The strange thing is that my initial reaction was almost relief! I wonder if we've been so manipulated by the Usmanov involvement that Stan is suddenly like the white knight. That's the funny thing for me anyway as I was (and still am) against an owner who is so distant or not from 'the family' so to speak. Kroenke feels like "the best of the rest" solution and my position is grudging acceptance that things have changed like this. I doubt very much we will ever see any "Kroenke Out!" banners.
Andy-bayor
 

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