Wenger calm over Kroenke

Premier League -03/11/2009

Wenger calm over Kroenke

Arsene Wenger has no problem with Stan Kroenke's continued investment in Arsenal - so long as it never impacts on the way he runs the team.

"Inside the club, on a daily basis, it does not change anything," the Arsenal boss said. "As long as I am not told I have to change the way I see the vision for the club on the technical side, as long as nobody interferes with that, then I do not see what kind of impact it could have on me."

 

He added: "I believe I have shown I can manage a club on the technical side - and I have that guarantee at the club, no matter who the owner will be."

 

Kroenke has increased his holding in Arsenal to 29.6 per cent and is the largest individual shareholder in the Gunners after acquiring 427 shares at £8,500 each from the estate of the British industrialist Ernest Harrison.

 

Should Kroenke, or indeed anyone else such as second-largest shareholder Alisher Usmanov, reach a figure of 29.9%, they would, under the City's financial regulations, be obliged to launch a formal takeover bid.

 

However, when the matter of his intentions for the Premier League club were directly questioned during the recent annual general meeting at Emirates Stadium, the American - nicknamed 'Silent Stan' - chose not to take the opportunity to address the gathered shareholders, with chairman Peter Hill-Wood intervening.

 

Any public statements against future bid intentions must be unambiguous, otherwise the individual or group would, under the Takeover Panel's rule 2.8, be prevented from making a formal move for six months.

 

While Hill-Wood insisted major changes behind the scenes were not on the agenda, the Arsenal chairman has also suggested he was "very relaxed" about a proposed takeover by the American. The Arsenal Supporters Trust, meanwhile, believe the latest moves do not mean a takeover from Kroenke is imminent.

 

 

PA Sport  - 03/11/2009 11:01