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MrJibbles

afc David Dein Sells Shares

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big plainface and a big SEENThis just gets more confusing.. so kronke owns some, this company own some, then the boardKronke wants to take over, the company say they dont, and dien is now gone

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David Dein, the club's former vice-chairman and a close ally of manager Arsene Wenger, has called a press conference for 5pm this afternoon to spell out his future in football.While it is unclear exactly what Mr Dein will say, there has been plenty of speculation that Mr Dein could announce a sale of his 14.6pc stake in the Premiership club.Stan Kroenke, the US tycoon who has already been linked with a potential takeover of Arsenal after building up a 12.19pc holding in the club, was one of the names cited as a potential buyer of Mr Dein's shares.advertisementCombining Mr Dein's stake with his would take him close to the level at which he would be obliged to launch a full takeover bid.Boris Berezovsky, the Russian billionaire, was also mentioned as a potential purchaser of Mr Dein's stake. But Mr Berezovsky's representatives dismissed speculation that he was involved in any such moves.

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Arsenal in focus as David Dein calls press conferenceBy Ben BlandLast Updated: 3:50pm BST 30/08/2007David Dein, the club's former vice-chairman and a close ally of manager Arsene Wenger, has called a press conference for 5pm this afternoon to spell out his future in football.While it is unclear exactly what Mr Dein will say, there has been plenty of speculation that Mr Dein could announce a sale of his 14.6pc stake in the Premiership club.Stan Kroenke, the US tycoon who has already been linked with a potential takeover of Arsenal after building up a 12.19pc holding in the club, was one of the names cited as a potential buyer of Mr Dein's shares.Combining Mr Dein's stake with his would take him close to the level at which he would be obliged to launch a full takeover bid.Boris Berezovsky, the Russian billionaire, was also mentioned as a potential purchaser of Mr Dein's stake. But Mr Berezovsky's representatives dismissed speculation that he was involved in any such moves.

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LONDON, Aug 30 (Reuters) - Former Arsenal Vice Chairman David Dein has sold his 14.5 percent stake in the UK soccer club to a firm co-owned by Russian billionaire Alisher Usmanov for 75 million pounds ($150.6 million).The announcement on Thursday by the firm Red and White Holdings Ltd puts further pressure on the board to face an eventual takeover. Red and White said it wants to increase its stake and would approach the board shortly, but has no immediate plans for a full buyout.

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Commenting on the announcement, Farhad Moshiri said:âWe are very excited not only to secure a significant stake in one of theworldâs most famous football clubs but also to have secured the involvement ofDavid Dein for the future. Arsenal is a great club with huge potential and welook forward to increasing our stake and exploring ways to help support thefuture development of the club for the benefit of all fans and shareholders.âDavid Dein, Chairman of Red & White, added:âI have always had the best interests of Arsenal at heart - Iâve had a loveaffair with the club since I was six. I firmly believe that the involvement ofRed & White with a significant stake and the long-term commitment of ArseneWenger are absolutely the best outcome for the club, fans and shareholdersalike. I am delighted to have found, in Farhad Moshiri and Alisher Usmanov,individuals who share my vision for Arsenal and of where it needs to go to bethe worldâs leading football club.â--------------------------------------------------------------------------------

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True.. well at least he is chairman of this new company i trust him more

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The plot increases. Dein has always wanted to become chairman and he MAY end up getting his dream.

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INVESTMENT IN ARSENAL HOLDINGS PLCRed and White Holdings Limited (âRed & Whiteâ) today announces that it haspurchased a 14.58% stake in Arsenal Holdings plc (âArsenalâ) from David Dein for£75m, and that it has appointed David Dein as its Chairman. Red & White alsoannounces that it has committed funds to enable it to increase its stake inArsenal. However, Red & White confirms that it has no current intention to makea takeover offer for Arsenal or to acquire a shareholding in Arsenal which wouldtrigger an obligation to make a takeover offer for Arsenal save as set out innote 1 below.Red & White is an investment company established specifically to hold equityinterests in Arsenal. Red & White is jointly owned by Mr Alisher Usmanov, aleading Russian businessman, and Mr Farhad Moshiri, a London-based investor andlong time business associate of Mr Usmanov.In his role as Chairman David Dein will develop proposals to support the futuresuccess of Arsenal and will focus on increasing Red & Whiteâs stake in Arsenalas outlined above. Red & White believes that in light of the fast-changinglandscape for football, both in the UK and globally, it will be able to assistArsenal and ensure that it will be able to thrive in the future and become theleading football club in the world. Specifically, Red & White believes that inorder to remain competitive at the top level of the game, Arsenal will requireaccess to significant funding.Additionally, Red & White believes that the continued involvement of ArseneWenger, over and above any renewed contract, is vital to the future success ofthe club.Red & White intends to approach the Board of Arsenal in the near future todiscuss its ideas, to understand the future direction of Arsenal and to exploreareas of potential cooperation.Commenting on the announcement, Farhad Moshiri said:âWe are very excited not only to secure a significant stake in one of theworldâs most famous football clubs but also to have secured the involvement ofDavid Dein for the future. Arsenal is a great club with huge potential and welook forward to increasing our stake and exploring ways to help support thefuture development of the club for the benefit of all fans and shareholders.âDavid Dein, Chairman of Red & White, added:âI have always had the best interests of Arsenal at heart - Iâve had a loveaffair with the club since I was six. I firmly believe that the involvement ofRed & White with a significant stake and the long-term commitment of ArseneWenger are absolutely the best outcome for the club, fans and shareholdersalike. I am delighted to have found, in Farhad Moshiri and Alisher Usmanov,individuals who share my vision for Arsenal and of where it needs to go to bethe worldâs leading football club.â

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