Hill-wood not Willing to Sell Arsenal

By: Cindy Ferguson

According to a statement made by Hill-Wood to BBC reporters, none of the major shareholders are interested in selling at the present time and have no intention of the selling the club anywhere within the near future. He also acknowledged that no offers will be welcomed unless they were very attractive and reasonable tenders.

The initiative of foreign investment was proposed by previous vice-chairman for the Gunners, David Dein, when he sold his 14.58% shares within Arsenal for ?75m to Red and White Holdings Ltd, a business co-owned by Usmanov, and his associate Farhad Moshiri. After the deal Dein was selected as the corporation's chairman. Such corporation made a noteworthy profit from the selling of Dein's shares to Usmanov.

Dein then resigned from the club when Hill-Wood and the other board affiliates discarded his effort to bring in investment from American billionaire Stan Kroenke and stated that the survival of the club against its competition would be impossible without the assets of foreign investment.

Nevertheless Hill-Wood is not against the new coming of foreign shareholders and is aware that such happenings would be beneficial to the club, but has preserved his belief that the strategy of financial cautiousness is the correct way to handle things.

According to his belief the reason for such negotiations will be working together so that the backers make the profit they are out for and that the team can benefit from it without the outcome turning into an end of the year shortage.

Top Searches on
Soccer Guide
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Soccer Guide