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Re: Extension of Board Lock down agreement (1 viewing) (1) Guest
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TOPIC: Re: Extension of Board Lock down agreement
#1156
Coolman!!! (Admin)
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Extension of Board Lock down agreement 1 Year, 2 Months ago Karma: 16  
Arsenal chairman Peter Hill-Wood has announced an extension of the 'lock-down' Agreement by club directors on the sale of shares in the club.

This has ensure that there will be no takeover for the time being.

Hill-Wood announced that club directors would only sell their stake to 'permitted persons' before April 2009 and had to give fellow board members 'first option' until October 2012. However, there was a termination clause in the agreement in October 2010.

Hill-Wood said: 'Members of the board are committed long-term shareholders and to strengthen the current position they have entered into a new agreement which replaces the existing lock-down agreement which expires next April.

This is good news for us as now Usmanov cannot get involved in any way. Cheers,....
 
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#1157
Kristijan (User)
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Re: Extension of Board Lock down agreement 1 Year, 2 Months ago Karma: 1  
yea it's good to read this...and i think arsenal will be ENGLAND BRAND,simple beacuse it's england property.
go arsenal
 
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#1158
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Re: Extension of Board Lock down agreement 1 Year, 2 Months ago Karma: 3  
No Uamanov for now... hooray
 
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