Latest Update - Changes in Arsenal Board Worries Fans

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Arsenal have announced certain changes in their board, which may seem a little worrying for the Arsenal fans. Ivan Gazidis will be joining as the Chief Executive with effect from January 1 and given that he has the understanding of football and how the transfer market works, it is positive news. However, the worrying fact is that Richard Carr and Lady Nina Bracewell-Smith have decided to quit the board with immediate effect. Lady Nina owns 15.9% of the shares and with her leaving the board, she no longer has to abide by the lockdown agreement. With Uzbeki oligarch Alisher Usmanov in the radar and his Red&White Holdings making it known that they would buy up more shares to get controlling rights, this is a bad news for the club. We have a rich history, tradition and a unique way of functioning. With a businessman as the owner of the club, the entire set-up would go haywire. Chairman Peter Hill-Wood’s comments were also not very encouraging. When asked if Lady Nina could go ahead and sell her shares to Usmanov, he said, “We hope that she would remain a shareholder but she has not spoken to me about it lately.” 

Update: As was feared, the exit of Lady Nina Bracewell-Smith from Arsenal board was not amicable. Infact, far from it. If reports are to be believed,over the years she felt that the board was marginalising her. The disagreement is nothing new, as it is believed that she felt sidelined from a commercial deal in India, which she, through her Indian connections, brought before the board. Read the rest