On April 5, 2007, Granada Ventures, a subsidiary of ITV plc, sold their 9.9% stake in Arsenal Holdings plc to Stan Korenke's KSE UK inc. and on April 12 Arsenal confirmed Kroenke controlled a total of 11.26% of the club.
Peter Hill-Wood told the Guardian newspaper:
"The shareholders would prefer to stay in control than sell out to some stranger. We would be horrified to see ownership of the club go across the Atlantic." |
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Hill-Wood claimed that he and three of the club's major shareholders - Fiszman, Lady Nina Bracewell-Smith and the Carr family - have "no intention of selling".
"These people love Arsenal, they are independently wealthy and do not need the money. Having a few extra million pounds in the bank is of no interest to them. We're here for Arsenal football club, not to make a few bob. The club has been run for the benefit of supporters, staff and players." |
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I for one think this is good news. Arsenal don't need to sell out to compete with the likes of Manchester United and Liverpool. The future at Arsenal FC is bright, the future is red and white.
