STAN KROENKE has crossed the 11% threshold.
Kroenke Sports Enterprises UK, Inc, owns 6,216 shares
And J.P. Morgan Chase Bank, London, holds 791 shares in his name.
Total : 7, 007 shares or 11.26 % of the company.
Those are the facts..
The Standard reported two days ago that Danny Fiszman sold his Hampstead house for almost £20 million, .
Manor Farm, a big place in Frognal Lane, Hampstead, was put on the market last summer for £15 million.
My best guess now : Danny is a willing seller of his 24.11%.
If watching Arsenal was fun, if the board wasn’t divided, if they hadn’t fallen out over the stadium, where only Ken Friar and Keith Edelman backed him, it would be a different story, and Danny would stick around for a few more years.
He built a great stadium and it took a lot out of him. Building a great team to put in the Emirates would take the same superhuman effort and could take another four years. I can see his point of view. If I had just erected the Pyramids of Egypt, I wouldn’t have the energy to bridge the Grand Canyon. To achieve great things you have to be prepared to damage yourself and he has damaged himself enough.
As I’ve said here for weeks, Danny Fiszman lives in Geneva and Arsenal’s just not fun anymore, so he’s getting out.
He didn’t tell the other directors he was selling that 1% to find out if there was a buyer out there. He didn’t ask : Should we sell ? He didn’t say : Let’s all sell..
He said : I’ve made my decision. I’m out of here. I’ve neglected my business to complete the Emirates project, and now I’m off.
In March 2007, Danny found that there IS a serious, smart, respectable buyer.
It’s now just a matter of the price and timing
At £6,750 each, Danny’s shares are worth £101,250,000..