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Stan Kroenke: From Stranger to Arsenal Custodian In 4 Years

Peter Hill-Wood

What a difference four years makes. In 2007, here’s what Arsenal chairman Peter Hill-Wood said about Stan Kroenke and the American’s desire to take over Arsenal:

“[The boardmembers have] no intention of selling to some stranger” and would be “horrified to see the club go across the Atlantic.”

“These [boardmembers] love Arsenal, they don’t need the money and they have no interest in selling,” Hill-Wood said. “The club has been run for the benefit of supporters, staff and players, and the shareholders would prefer to stay in control than sell out to some stranger without the years of support they have.”

And here’s what Hill-Wood said today:

“Mr Kroenke, although relatively new to Arsenal, has shown himself to be a man who values and respects the history and traditions of this very special Club that we cherish. We are confident that he will be a safe custodian of its future.”

Is it a case of money talks, or just Hill-Wood taking time to better understand Kroenke’s intentions?

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6 Comments

6 Comments

  1. Pakapala

    April 12, 2011 at 12:38 pm

    You got that right Gaffer, money talks… always… lol

  2. nicc

    April 12, 2011 at 8:27 am

    I wonder how much was due to Danny Fiszmann (sp?) health? he held 16% and had long run a battle with cancer and then you have Lady Nina Bracewell-Smith who has had her 16% for sale for the last year or so as well.
    supposedly Lady Nina had been trying to hold out for bigger money but settled once she realized Fiszmann was going to sell his stake.

    with everyone on the board in a lock-down agreement not to sell to Usmanov it was only a matter of time before Kroenke took control.

    I’m still trying to figure out how Peter HW is/was chairman with less than 1%…

    • Chris S

      April 14, 2011 at 1:44 pm

      Danny Fiszman passed away from throat cancer yesterday. Though apparently his demise was not unexpected as he had been in long term treatment for it.

      This was probably the reason pushing through the sale of his shares.

  3. henry

    April 12, 2011 at 5:06 am

    I think he’s understood Stan’s intentions. Stan is no longer a stranger, not after four yrs. Now would he change the policies of the club and pump in cash for player acquisition? What do the fans really want?

  4. Rob

    April 11, 2011 at 4:39 pm

    A little bit of both if you ask me. Also it’s a little bit of I don’t want to bite the hand that feeds me. This is something that he had to see coming so either embrace it or start looking for a new job. I think what will be more interesting is the relationship between Kroenke and Wenger I have heard nothing on this.

  5. jonathan

    April 11, 2011 at 3:51 pm

    get that muppet PHW out of here…bring david dein back!

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