Club announce new shares lockdown

[Lanesra]

Can only be good news

http://www.arsenal.com/article.asp?article=483048&lid=NewsHeadline&sub=Arsenal+board+announce+revised+'lock-down'+agreement&sublid=NewsHeadline&Title=Arsenal+board+announce+revised+'lock-down'+agreement&f=rss

[Miles Brasher]

does look like good news, and they've made it more user friendly than the first rushed job!

[arsenalgirl30016]

does look like good news, and they've made it more user friendly than the first rushed job!
Wow that really does sound like good news-definitely for the near future and beyond. I love the way they stated this:
" I would like to take this opportunity to emphasise to all Shareholders that the Arsenal Board is committed to the principle of developing the long-term stability of the Club through maintaining a business that pays its own way. 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."

Translation: Arsenal is NOT for sale! Thank you Arsenal board!

[mpeabody]

I'm just assuming that Kroenke didn't get in on that or they would have mentioned it.

[Miles Brasher]

I'm just assuming that Kroenke didn't get in on that or they would have mentioned it.


It'd be extremely unlikely that Kroenke would have agreed to that... As a businessman he'd be committing a very large chunk of money to an agreement with people and a club he's had no real connection whatsoever with.

[Skizz]

At Thursday’s AGM, chairman Peter 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.

Jesus Christ, that agreement is about as solid as a stick of butter in the desert!! They can still sell shares, but it's better than nothing I guess.

I assume Blob and Kroenke are NOT on the specified person list?

[mpeabody]

Jesus Christ, that agreement is about as solid as a stick of butter in the desert!! They can still sell shares, but it's better than nothing I guess.

I assume Blob and Kroenke are NOT on the specified person list?

The second paragraph says "permitted persons such as close family". I wonder if there's a list of those outside of family you can sell to. I don't think it matters much since current board members get first option.

[Skizz]

So even if there was a list of outside people (which I guess there isn't), they would have to offer them to the board first. That is a good plan.

[mpeabody]

So even if there was a list of outside people (which I guess there isn't), they would have to offer them to the board first. That is a good plan.

I'd like to know if there's some clause about selling to a family member who is not on the board and then they turn around and sell.

Hard to envision a scenario where all of the board members pass on shares...especially Fiszman.

[surfcam]

I'm just assuming that Kroenke didn't get in on that or they would have mentioned it.

He isn't on the board. Kroenke is just a large shareholder like Usmanov.

Great news BTW.

[NorthBank74]

Can only be good news

http://www.arsenal.com/article.asp?article=483048&lid=NewsHeadline&sub=Arsenal+board+announce+revised+'lock-down'+agreement&sublid=NewsHeadline&Title=Arsenal+board+announce+revised+'lock-down'+agreement&f=rss

except that this article is 3 times longer than it needed to be... how many times do you need to repeat the same details of the agreement?! :p

[mpeabody]

He isn't on the board. Kroenke is just a large shareholder like Usmanov.

Great news BTW.
That's why I assumed he wasn't in on it. He's not a board member and isn't mentioned as having joined in otherwise. Curious to know if it's just the board that signed this or if they got other/smaller shareholders in.

[DougG_ATL]

except that this article is 3 times longer than it needed to be... how many times do you need to repeat the same details of the agreement?! :p

To make it crystal-clear to the British press what the terms are and leave very little room for tabloid interpretation. It's also a polite 'F-off' to Usmanov.

[Zaqattaq]

Well done :D

[Bluto11]

anyone have a breakdown of what % each person owns?

not just of the board, but of all the shares?

[Gunners11]

This is certainly good news, job well done by the board.

[NorthBank74]

anyone have a breakdown of what % each person owns?

not just of the board, but of all the shares?

Just search this forum or google the Net. It's been mentioned numerous times in recent months.

[Bluto11]

Just search this forum or google the Net. It's been mentioned numerous times in recent months.
i googled it early and couldn't find it :(

found one pre-Usmanov, with Dein's % still on there

i'll try again

[NorthBank74]

i googled it early and couldn't find it :(

found one pre-Usmanov, with Dein's % still on there

i'll try again

Here's the last one I remember seeing...

http://www.bigsoccer.com/forum/showthread.php?p=12917643&highlight=fiszman#post12917643

It admits to be a little off math-wise, but it's close enough I think.

[Skizz]

anyone have a breakdown of what % each person owns?

not just of the board, but of all the shares?
This is the best I could find, I adjusted it to state the facts just after Dein sold to blob.

Of the board, the shareholders are as follows:

Danny FISZMAN 15,000 shares (24.11pc)
Lady Nina BRACEWELL-SMITH 9,893 (15.9pc)
Richard Carr 2,722 (4.37%)
Peter HILL-WOOD 500 (0.8%)
The other board members Chips Keswick, Lord Harris of Peckham and Keith Edelman own a combined total of 145 shares (0.23pc)

The above currently hold 37,991 shares, or 45.42 of the total shares in the club.

The other principle shareholders are:

Alisher Usmanov 9,072 (14.58pc)
KSE Ltd and Stan Kroenke 7,584 (12.19pc)
Birol Nadir/Crystalix [son of Asil Nadeer who fled the country owing millions] has circa 7%
Lansdowne Holdings 1,675 (2.7%)
Sarah Margarett Phibbs-Bagge circa 2%
Geoffrey Klass 1,006 shares
Clive Carr [Life Vice President of the Club] 1,120 (1.8%)
Morgan Stanley Investments 1,000 (1.6%)
Sir Roger Gibb 200 [former Director] (0.32%)
Other small shareholders 6,702 (10.77%)

I've bolded the ones I think will have sold to Usmanov. Birol Nadeer will probably just have want rid of the shares as they aren't really his, they were his dad's and he has no use for them. Margaret PB is a relative of Clive Carr so I'm not sure, but I know for a fact that Geoffrey Klass is a known friend of David Dein's so he will no doubt do what he says. Roger Gibb as an ex-director will also have wanted rid I think.