Kroenke joins Gunners board

Published Add your comment

American businessman Stan Kroenke has joined the Arsenal board after accepting an invitation to become a non-executive director of the Barclays Premier League club.

The billionaire owner of Kroenke Sports Enterprises holds 12.4% of shares in Arsenal Holdings PLC, and his prospective appointment to the board was widely interpreted as an attempt to stave off a potential takeover from Uzbek oligarch Alisher Usmanov.

Kroenke has not, however, signed up to the 'lockdown' agreement drawn up by board members last year which prevents the trading of shares without the consent of fellow directors.

In a statement released this morning, the board, which is led by club chairman Peter Hill-Wood, claimed Kroenke was fully behind their business model - a thinly-veiled attack on the owner-funded approach that would come with an Usmanov takeover.

"Mr Kroenke fully supports the approach the board has taken in setting the direction of the club," the statement read.

"The board believes Mr Kroenke's experience in sports team commercial management, sports marketing, media and new media rights as well as real estate development will be of great value."

The sports franchise mogul's appointment shows the thawing of relations between Kroenke and the board after his initial investment in April 2007 was met with horror by Hill-Wood, who claimed "his sort" was not welcome.

Copyright (c) PA Sport 2008, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again