Thursday, April 19, 2007

Shocking News: David Dein Leaves!!

what is going on?
David Dein has left the club!! What is going on?!!!!

I Quote another website: " The long-term future of Arsenal manager Arsene Wenger has been left uncertain following the shock departure of his biggest ally vice-chairman David Dein because of 'irreconcilable differences' with the rest of the current board.
Dein, 63, has left the club and will cease to be a director with immediate effect.
However, the former Football Association vice-chairman holds around 14% of shares in the parent company of the Gunners, estimated to be worth around £57million.
A statement from Arsenal chairman Peter Hill-Wood read: 'On behalf of the board I would like to express our gratitude to David Dein for the many years of loyal service he has given to the club.
'We sincerely regret that irreconcilable differences between Mr Dein and the rest of the board have necessitated a parting of the ways.'
Those differences are understood to be over the direction and ownership of the club, with Dein known to be very much in favour of the involvement of American billionaire Stan Kroenke, which put him at odds with Arsenal director Danny Fiszman and also Hill-Wood.
Speculation continues surrounding a potential takeover from American-based Kroenke Sports Enterprises, who recently bought just over an 11% stake in the club - which included a small holding purchased indirectly off Fiszman, who maintained he was unaware of the buyer."
I hope this does not affect us too much...

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