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roenke joins Gunners board
4 hours ago
American businessman Stan Kroenke has joined the Arsenal board after accepting an invitation to become a non-executive director of the Barclays Premier League club.
The billionaire owner of Kroenke Sports Enterprises holds 12.4% of shares in Arsenal Holdings PLC, and his prospective appointment to the board was widely interpreted as an attempt to stave off a potential takeover from Uzbek oligarch Alisher Usmanov.
Kroenke has not, however, signed up to the 'lockdown' agreement drawn up by board members last year which prevents the trading of shares without the consent of fellow directors.
In a statement released this morning, the board, which is led by club chairman Peter Hill-Wood, claimed Kroenke was fully behind their business model - a thinly-veiled attack on the owner-funded approach that would come with an Usmanov takeover

The agency said it would also push harder for automated train-stopping systems, which federal investigators say would have prevented the Chatsworth collision.
Political pressure increased this week to make the automated safety systems mandatory after California's U.S. Sens. Dianne Feinstein and Barbara Boxer introduced legislation that would require railroad companies to install the systems by 2012 in high-risk areas where passenger and freight trains share tracks, and in all other areas by 2014.
On Wednesday, the Metrolink board of directors unanimously approved a motion to support the Senate bill.
At the utilities commission hearing, commissioners noted that the federal government, which has primary responsibility for rail safety, is still studying the issue of regulating cellphone use by railroad crew members.
'I was astounded to hear that there was no rule,' said Commissioner Dian M. Grueneich.
In 2003, the National Transportation Safety Board urged the Federal Railroad Administration to adopt regulations to control the use of wireless communication devices by railroad employees.
The recommendation came after two crashes a year earlier, including one involving a Metrolink train in Placentia

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