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David Dein Leaves Arsenal

David Dein Leaves Arsenal

David Dein has resigned form Arsenal Football Club in an astonishing move.

A statement read.

Arsenal Holdings plc - Directorate change

Arsenal Holdings plc (the 'Company') announces that David Dein has left Arsenal Football Club and has ceased to be a director of the Company.

Peter Hill-Wood, Chairman of the Company, would like to express his gratitude for the many years of loyal service given by David Dein to Arsenal Football Club and regrets that irreconcilable differences between Mr. Dein and the rest of the board have necessitated a parting of the ways.

In light of recent speculation as to the ownership of the Company, the remaining Board members (together, the owners of 45.45% of the issued share capital of the Company) would like to reassure the shareholders, employees and fans of Arsenal Football Club that they remain long-term holders of their interests in the Company.

To this effect, they have entered into an agreement not to dispose of their interests in the Company for at least one year and have confirmed that they intend to retain their interests on the expiration of this period.

Arsenal Holdings Plc.18 April 2007

It is believe the departure followed after the rest of the board disagreed with Dein's opinion that the board should sell up.

More to follow.

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

Date:Wednesday April 18 2007
Time: 5:53PM


WOW, shocking news
18/04/2007 18:01:00
Yep, pretty speachless myself.
18/04/2007 18:03:00
Stunned He's Mr Arsenal Wrighty was speakless on the radio just now.......wot's happening??
18/04/2007 18:04:00
I do hope this does not backfire, love him or hate him, he bought Arsene Wenger to the club, he had the vision to take us forward as club.
18/04/2007 18:04:00
Speachless even
18/04/2007 18:04:00
Hey. At least Spurs don't have an excuse when we beat them on Saturday!
18/04/2007 18:05:00
The end of statement looks a bit ominous.....won't sell for a year, then wot?
18/04/2007 18:10:00
This is stunning, never expected this; we better stay english and not sell up, we should get a comment soon from someone about this.
18/04/2007 18:13:00
916995 - a lot can change in a year - this agreement is to stop a mass exodus of sales for the non-majoirty share holders, they did state they intend on keeping them past this date but cant be expected to sign an agreement for a longer period - all it takes is one scandal like in italy for the ownorship of premier league clubs to be not so desirable
18/04/2007 18:15:00
Get ready Arsenal fans.It's started.Your about to sell up to a foreigner. But WHO is the question?
18/04/2007 18:18:00
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