Kevin Eason
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Takeover rumours are driving the price of Arsenal shares to a record high and putting millions on the value of the investments held by the ten directors. The share price closed last night at £6,200, up £900 in a week since Danny Fiszman, the largest shareholder, sparked speculation by offloading some of his stake.
The most spectacular investment, though, is that of David Dein, the vice-chairman, who first bought into Arsenal in 1983, spending £290,250 on 1,161 shares. Peter Hill-Wood, the chairman, said at the time: “I think he’s crazy. It’s dead money.” Last night, Dein, a lifelong supporter, was sitting on a stake worth about £57 million.
However, that stake can be realised only if Dein puts his shares up for sale and the club and analysts dismissed the prospect of Arsenal — the last of the Barclays Premiership’s Champions League clubs to be in English ownership — being sold to foreign investors. The club said last night that there has been no approach and there is no interest in selling.
Supporters, though, are baffled by the astonishing rise in the price of shares and who is buying them. Shares were priced at only £700, with the club valued at £39.2 million, when Arsenal joined the Plus Markets Group, a “junior” stock market specialising in small companies, in October 1995.
Six months ago, they were worth about £4,500 but, by the start of this month, were trading at £5,300. Fiszman, a diamond dealer and another lifelong supporter, received £5,975 a share when he offloaded 659 last week, worth £3.9 million.
That sparked a renewal of the takeover talk persistent for months. Investors in Dubai and Qatar are continually pushed into the frame by City speculation, while rumours linger that Oleg Deripaska, a Russian billionaire oligarch in the mould of Roman Abramovich, is waiting to pounce.
A spokesman for the Arsenal Supporters’ Trust said last night: “It is all very intriguing. We know who is selling, but we don’t know who is buying the shares or why. And the movement in the price has been so rapid that it makes us wonder what is going on. We are not worried, but it is unsettling.”
Arsenal are an attractive target: the club still own the old Highbury site where new high-priced apartments are being built, while the new 60,000seat Emirates Stadium has transformed finances, bringing in gate receipts of up to £2 million for each home match.
Such a change in fortunes will have accounted for some of the rise in the share price, but it also makes Arsenal an increasingly expensive football commodity. At a present market value of £385 million, potential buyers would be making the second-biggest purchase in British football history, beaten only by the Glazer family takeover of Manchester United, which amounted to £790 million.
The chances of a takeover are slim, though, as long as the board is controlled by three key shareholders, whose wealth and love for the club outweigh their need to sell. Dein, who holds almost 15 per cent of the shares, is a powerbroker who took Arsène Wenger to the club and has been a powerful influence in English football over the past decade. Lady Nina Bracewell-Smith, who has a stake of almost 16 per cent, is a member of a family dynasty whose association with Arsenal goes back more than 60 years. The most speculation surrounds Fiszman, but he has said repeatedly that he does not want to sell and he devoted himself to the move from Highbury to the Emirates Stadium. The most likely to sell is ITV, which is desperate to get rid of its 9.9 per cent. But even if it sold, it would not be enough to trigger a full takeover bid while that powerful trio remains dedicated to Arsenal.
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All am seeing here is arsenal fans moaning about being English, Arsenal is as English as French Man. They say, because arsenal is run by english people thereore they are an English. Load of non-sense the people who own the club dont represent the club,its the players who represent the club, its the players who take to the pitch and fight for the honour of the club. And from what i see at arsenal they lack the english fighting sprit from english players. Chelsea has the Terrys and the Lampards, Man Utd has the Rooneys and the Nevilles and Liveropool has the Gerrards and Crouchs, these players sprit gets rubbed off on the foreign players and in turn gives the team that fighting sprit.
So until arsenal get some investment and some English players they will never will the league again.
And this is coming from a chelsea fan.
Kitson, London,
In my view, Arsenal do not need this money. Anyone saying Arsenal is non- English team is right but ask yourself why... I watched Enlgand V Israel, It was shambolic! Therefore, if Arsenal are to keep their amazingly talented youth, English players are not good enough to be there at the moment. look at Man Utd and Chelsea's youth team... It's hardly good, They just spend their money on 29 year old superstars!!!!!!!!!!!!!! So Arsenal are good all other clubs are jealous scumbags!!!
ManUtdFan, Manchester, Englans
who really cares, Arsenal may be owned by British Citizens
but it is all but a French team, at least some foreign owners play English players in their teams
a wenger, OXFORD, UK
Arsenal should never sell. Israeli Gooner speaks for no Gooners I know. Arsenal has a great future, and it doesn't need outside investment, which translates to outside interference. The modernist Dein/ Fiszman and old school Hill Wood axis has served Arsenal well.
Soc, London,
Our hope lies in David Dein and Lady Bracewell-Smith whose love for the club runs deeper than any millions they can ever get for their stake. Lets pray it stays that way forever.
Taff, Stoke-on-trent, UK
We don't need to sell!
We have built are team from stratch and for vey little money (thanks to wenger) and we have funded a new stadium which will feed our magnificent club for years to come, all without the help of 'part-time' business men supporters.
We get ridiculed for the lack of Englash players in our club at the moment but who knows who will be playing there in 5, 10 years time... However we are an English run club, and will continue to be for years and years to come.
That's more than we can say for our fellow 'top' teams
Kevin Adams, Warminster, Wiltshire
"please sell the club"
i think you need to see a brain surgeon !!
'Myself being an arsenal supporter before henry joined the club'
i think wenger is proud of having a squad built up of young footballers, and not having to rely on rediculous transfer amounts for players in their late thirtys.
it does wonders for the game when you have young footballers playing in a succesful team rather than a bunch of superstars that are overpriced.Tell me where would the youth players get their chances in a team like that ?
they wouldnt !!
lets keep the history and tradition at the club by not being bought out as a play toy for a sugar daddy!!
goonerjae, highbury, England
The sale is inevitable, the game no longer belongs to 'us'. In fact it is no longer a game. Check the daily headlines, hardly ever about football any more. It's all about cash, transfers, gossip and controversy. It is now a capitalist circus. No matter what your wishes, Asenal will be sold. There is nothing you can do about it.
Gerry Beckett, Liverpool,
A lot of romantic nonsense surrounds "The Arsenal" as if its some great british institution providing moral leadership to the nation. Its a football club, where people go and watch over paid prima donnas kick a leather bag around. I hope a dodgy foreign buyer does indeed buy the club to give the morally superior gooners something to think about - he he he
Sonny, London,
How can he be a gooner living in Israel?
He isn't a gooner and clearly knows nothing about the club's history and culture.
This would be the darkest day in the club's history.
Ian
Ian, Highbury, England
What a ridiculous comment from someone who doesn't understand what Arsenal FC stand for. We are the last in a line of clubs who have desperately sold out to foreign investors and the longer we hold out the better. Dein, Fiszman, Wenger and Hill-Wood should be applauded for the effort and committment to the new stadium and the young crop of players who are the only realistic way we can compete in the transfer market. I am a season ticket holder of 10 years and the day we are sold to foreign investors is the day I give up my seat. Arsenal are English and have more tradition than even Man Utd. To be successful over the next ten years will be the hardest challenge the club have faced and to do this without foreign investment and the stadium debt will be commendable. Do we want a dictator style leadership such as Chelsea? Or to be saddled with £540m debt ala Utd with high interest rates and further season ticket hikes? We are not Chelsea or Utd. We are The Arsenal.
James, Colchester, UK
Globalisation is here to stay..Most of Arsenal's squad is non english so does it really make a difference if the owners are not english.Arsenal cannot realistically compete with Chelsea or Manutd financially.soo selling wouldn't be a bad idea.
sadiq, hyderabad, india
Most of the arguments against selling the club are emotional, e.g. not wanting to have a prized asset land in foreign hands etc, which smacks of xenophobia.
Even the argument that a new and foreign owner will raise ticket prices will fall flat. Whether Arsenal remains in the hands of the 4 or of a new foreign owner will have no bearing on ticket prices. Any owner will know that as long as the wages of football players remain astronomical, ticket prices will have to be raised.
There are 2 types of purchases. The 1st one, in the case of Glazier's takeover of Man Utd, is detrimental because the club pays for the acquirer's debt. This should never happen to Arsenal. The 2nd type, which happened to Liverpool and Chelsea, means fresh capital injection, which will enable Arsenal to pay off its massive debt faster and compete in the transfer mkt more effectively. It ultimately increases our chances of winning major trophies.
I am an Arsenal fan too, fr the days of George Graham
Jeffrey Ong, Singapore, Singapore
I have to be honest and say that a takeover brings mixed views. Yes, it would be fantastic for Arsene Wenger to have enough funds in the transfer window to purchase 'world class players.' However, we are developing a new era of world class players and in 3 years time, we will have a team who have developed together and will play like our invincibles only 2 years ago.
The buyer(s) needs to understand that the club needs to retain it's core players and simply add one or two new faces that can strengthen what we have and not replace it!
I beleive if we are to compete with Chelsea and Man Utd like we did before they were taken over, we need to have some investment into Arsenal FC. We have the stadium and the fans that deserve trophies and future success.
Lets not forget, Arsenal made it to the Champions League Final without the billionaire investment and we don't need an overhaul, just fine tweaking.
Paul Hilton, Coventry, UK
this is all a little amusing. it is a total fiction to suggest that Arsenal has maintained its traditional english values in the face of the other premiership clubs selling out. it has barely an english player to speak of and like all other premiership clubs is all about dosh. folks, football as you knew it when you were young is no more and you can thank the overpriced sterling for that.
renton, London,
Iam an aresnal share holder, I turley love my club however I would be tempted to sell if the price hit 10k
Trevor, Aylesbury
trevor pearson, aylesbury, bucks
I believe we should remain an English owned club, as the only club in the top 4 to be English owned, it would be a shame if there were to be a power breakaway as there is in Scotish football. By keeping the name of Arsenal FC as an English commodity, we as the fans will feel less "sold down the river" to yet another wealthy businessman who actually knows nothing about our beautifull game other than how to make a fat profit from the supporters who can ill afford to pay for tickets at present prices anyway!!!
alfie_gooner, Southery, England
There is an Arsenal way. Pride and professionalism to the highest degree and minutest detail. That's why so many Arsenal old boys refer to the club as not just Arsenal, but as 'The' Arsenal. We are unique and The Emirates Stadium is testiment to the Arsenal way.
Supporting Arsenal is not just about winning everything every year, (although it would be nice) it is about being proud to say the name.
There will always be a right and wrong way for others. But for the 'chosen' few there will only be, The Arsenal way.
If we do sell, we must ensure that the values of Arsenal remain the same and its just the money that changes.
Pete, Rugby,
It's heart-warming to read of this club as such a paragon of virtue and family values given its distinguished history of corruption, bribery, rule re-writing and back-handers, ever since their move from Woolwich.
Still, like any true villain with elastic morality, I'm sure they luv their Mums.
Richard, London,
I personnally hope Arenal is never sold, The Arsenal are an establishment that is more than any other team in the premiership. Theclub has class that is unrivalled and the staff at the club know this as well, Pat Rice's recent interivew on football focus recently is testament to this. The club has finacial stability, which is due to Peter Hill-Wood and David Deans excellent stewardship of the club. Arsenal will be a force for years and are respected as a very well run Football club, why risk this to get involved in bidding wars for over priced played players like Schevchenko and Wirght-Phillips (sorry Ian but he is!)
Rory Byrne, London, England
Don't sell your soul. I am a hammer and even we have done it. The people who want you to sell such as the Israeli Gooner are not the people who make up your £2million in gate receipts. You may get a shirt purchase from them once every 2 years and perhaps a £40 ticket once every 2 years. They sit in the bar in their foreign countries and want you to give them bragging rights over the other fans of the Liverpool and Manchester American franchises and the Russian's plaything.
You could at least try to take the moral high ground off the pitch unlike the behaviour on it!
Si, Reading,
Don't sell the club!
Arsenal has always maintained its belief in family values and honesty. The club is able to consistently perform in the top 4/5 clubs in England and is making large strides in Europe (albeit this season) and this is because of the English ownership, faith in young talent and a real understanding of the fans and their families.
If we sell, we lose this individuality and uniqueness which makes Arsenal what it is.
Tom, Cambridge,
The Israeli Gooner has no faith in Wenger, or the board. However my faith is undoubtful. Keep Arsenal a truly English club, with heritage. Do not permit a takeover, just look at Manchester United or Chelsea. They're subject to buying big, while we develop world-class players and that's where we will prevail in years to come!
quiffy, Highbury, England
As a gunner thru and thru, i say that with the current crop of players, we should be able to dorminate English football and have a real say in European football for a minimum of the next 7years. What we need is a hit man in the mould of Samuel Etoo to partner Henry, Adebayor (he has staked his claim) Van Persie and Theo. Its important for Arsenal to maintain its Englishness and still have a United Nations of players in its books. Sad that note REAL English talent worth buying has emerged since Joe Cole of then West Ham now chelsea. Please, please please DO NOT sale the club! A gunner for life!
Gugs, Nairobi, Kenya
Very good news!!!!!
My dream as an arsenal supporter is- that we will have enough muscles in the transfer market so we can compeat with the real big clubs in europe.
The arsenal trust don't reprisent the majority of the arsenal fans!!!!We want arsenal to be the best!!!and we want wenger to have eanagh money to bring global success to the arsenal fans!!!!
PLEASE SELL THE CLUB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ISRAELI GOONER, tel aviv, israel