Arsenal Forum Arsenal Fansite For All Arsenal Fans

Check it out!!! The latest story is that David Dein, the club's former vice-chairman and a close ally of manager Arsene Wenger, has called a press conference for 5pm this afternoon to spell out his future in football.

Although it is unclear what exactly David Dein will say, there has been plenty of speculation that he could announce a sale of his 14.6pc stake in the Premiership club.

Stan Kroenke, the US tycoon who has already been linked with a potential takeover of Arsenal after building up a 12.19pc holding in the club, was one of the names cited as a potential buyer of Mr Dein's shares. If he does buy Dein's share, he would increase his stake to the level at which he would be obliged to launch a full takeover bid.

Boris Berezovsky, the Russian billionaire, was also mentioned as a potential purchaser of Mr Dein's stake.

Another Russian Billionaire, Alisher Usmanov is also possibly another buyer.


Stay Tuned to the Update!

hello everyone. Dein sold! maybe we will cash to burn soon.


I got this article from Soccernet:

................Dein stepped down from the Arsenal board in April over a disagreement over plans to bring American investor Stan Kroenke's millions to the club.


Now, he has been appointed chairman of a company whose goal is to gain hold of a significant stake in the club's shareholding, with Dein having sold his 14.58% stake for £75million to the Red and White Holdings Ltd company.

Red and White is jointly owned by Russian businessman, Alisher Usmanov, and London-based investor, Farhad Moshiri, but has appointed Dein as its chairman.

Dein will spearhead plans to increase its stake in Arsenal, although he insists there is 'no current intention to make a takeover offer'.

Dein is a passionate supporter of current manager, Arsene Wenger, and Red and White intend to approach the Arsenal board to 'explore areas of potential co-operation'.

Dein said: 'Today's announcement marks a significant step towards realising the vision I share with thousands of fans at home and abroad of making Arsenal the world's number one football club.

'I have not lost my passion for the club; indeed, it is greater than ever.

'I have been flattered by the generous offers I have received since April to work with other clubs, both in England and elsewhere.

'But there is only one club for David Dein and that is Arsenal.

'My ambition remains to play an active role in Arsenal again. My immediate intention is to work with others to provide the financial resources necessary to turn the vision into reality.

'To provide these financial resources, Arsenal need new investors. The reality is that football is changing dramatically. A growing number of clubs are being funded by individuals or consortia that are prepared to invest previously unimaginable sums aimed at winning the game's biggest prizes.

'I believe the board should welcome non-British involvement given the wealth of nationalities responsible for Arsenal's success on the pitch, including its manager.

'Without new investors, I feel very soon Arsenal might not be able to compete successfully at the very top level, despite the fantastic work of Arsene Wenger.

'I have maintained my close friendship with Arsene. I believe our professional partnership over many years was highly successful and beneficial for the club we both love.

'I hope it can be resumed. Meanwhile, I want Arsene to continue as manager and, indeed, I have encouraged him to sign a new contract.'

Usmanov has a box at Arsenal and is the majority shareholder in the Russian mining company, Metalloinvest, as well as having investments in mobile phone and television companies and a gas firm.

Moshiri, who was born in Iran but is a UK citizen, is a London-based fund manager and business associate of Usmanov and is the chairman of Metalloinvest.

Dein would not go into any detail over his fall-out with the other board members at the end of last season and knows there will be speculation that Kroenke will be linked with the club once more.

He said: 'Since April, I have deliberately kept my thoughts about Arsenal to myself. I have reflected on what best I should do in the future interests of the club.

'I've always had the best interests of Arsenal at heart - I have had a love affair with the club since I was six.

'I firmly believe the involvement of Red and White with a significant stake and the long-term commitment of Arsene Wenger are absolutely the best outcome for the club, fans and shareholders alike.'

Moshiri said: 'Arsenal is a great club with huge potential and we look forward to increasing out stake and exploring ways to help support the future development of the club for the benefit of all fans and shareholders.'

Wow. Dein made a lot of money from selling his shares.
If i dont know his history, I will not have believed that he has the best interest of our club.

Anyway, lets look forward to the avalanche of $$$$$$$$$$.
Great.!

What do you guys think?

There are many theories and conspiracies coming out of this Dein issue. Some say he is hungry for power, while others insist that it is his love for Arsenal that force him to make sure a move to come back into the club. There are even those who are against his return as he will be bringing 'impurities' into the club.

Amazing consipracy theories and simple logic does not go hand in hand in many instances. What do you think?

More twists to the story. We might not sell at all if the MD (Keith Edelman) has his way. He has claimed the Gunners do not need foreign investment and are well-placed to fend off a takeover bid.

Edelman said: 'The club is in a very strong position financially and you are going to see that at the end of September when we release our results.

'We have ample cash resources for the manager to invest in his team and his squad. He was able to get all of his targets this year well within his budget which means his budget will be increased next year.

'We are in a very good position, we realise David has sold his shares to Red and White owned by Mr Usmanov, we note that but don't believe it changes anything for Arsenal FC.

'The current shareholders on the board control over 45% of shares and we believe the way the club is being run and the financial strength of the club will come through.'

'The club is in a very good position, and the stadium is producing very large cash balances for us.'

When questioned about a possible joint takeover bid by Red and White and American tycoon Stan Kroenke, who owns 12.2% of Arsenal shares, Edelman replied: 'That's possible. We have to evaluate that when it happens and that depends on price and the attitude of the shareholders. The board has to act responsibly and look at any offer if an offer is made.

So Dein has sold, but Will a Takeover happen?

btw, Fab, I think Dein loves the club BUT also loves money. Hence, he is trying to get his cake and also eat it. As long as we get the dough to buy players IF Le Boss wants it, I am happy.

GO GUNNERS!!!