Monday, September 22, 2008

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I think we perhaps have a deeper understanding of Arsenal than somebody who comes in from Timbuktu and puts down a billion pounds to buy it. It's been part of our lives and lifeblood.
'My family [involvement] goes back almost 90 years, and one's never thought of being involved in any other football club.'
Last Friday, Arsenal did admittedly take the almost revolutionary step of appointing as a director the American businessman styled as 'E. Stanley Kroenke', of whom Hill-Wood once said: 'We don't need his money and don't want his sort.'
Kroenke and his 12.4 per cent of Arsenal shares have now been welcomed on board and on the board as a bulwark against the Uzbek Alisher Usmanov, who holds twice as many. 'I don't think he'd bring the sort of talents Kroenke can bring and we are not really looking for any other directors,' Hill-Wood said on Friday after announcing impressive annual turnover of 223 million and 36.7m pre-tax profit.
As for David Dein, who was one of the most influential figures in English football before backing Kroenke at the wrong time and being forced out of Arsenal: 'He didn't do quite as much here as he made out and I think he gave the impression that he was the only person running the place, which wasn't strictly true.' Ouch.
Arsenal believe their current set-up, together with the successful move to a modern 60,000-capacity stadium, offers sufficient long-term financial security without the need for any rich benefactor like Roman Abramovich or a Middle Eastern sheikh



By Carl Manning - Associated Press Writer
September 19, 2008




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