LYCOS RETRIEVER
Stan Kroenke: David Dein
built 158 days ago
The parting was totally unexpected but further reports suggest it was linked to discussions Dein had with American billionaire Stan Kroenke about a takeover bid which Dein was keen to support. The rest of the Arsenal Board were very much opposed to such a move.
Kroenke, who owns 12 per cent of the club, is preparing to join forces with ex-vice-chairman Dein, who still has a 14.5 per cent stake. A bid is expected within the next fortnight.
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Former Arsenal vice chairman David Dein was ousted from the team's board this month for reportedly favoring a takeover by Kroenke. Dein owns 14.5 percent of Arsenal's shares. The 71-year-old Hill-Wood was said to be "horrified" at the thought of selling Arsenal to an American.
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"That's a question I probably shouldn't answer," said Kroenke when asked later whether the pair had resumed discussions. Dein would only say: "I can't add anything to what has already been said by Red and White Holdings."
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Either David Dein has an agreement with Kroenke and an agenda to take control, with his help and money. Or the board have out flanked him and pushed him into a corner, having sent Eidelman to the states to neutralise the threat they may be one jump ahead.
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