Report: Arsenal shareholder looking to sell stake (AP)

Monday, April 12, 2010

LONDON (AP)—Arsenal’s fourth biggest shareholder is reportedly perplexing to sellher stake, adding serve doubt to a future tenure of a PremierLeague club.

Nina Bracewell-Smith, who was forced off a board in December 2008, hashired U.S. in isolation equity organisation Blackstone to find a buyer for her 15.9 percentholding, a London Evening Standard journal as well as Sky News television reportedMonday.

Hiring Blackstone indicates which Bracewell-Smith is not scheming to sell toeither American office worker Stan Kroenke or Russian investor Alisher Usmanov,who have been a two largest shareholders.

Kroenke owns 29.9 percent of Arsenal as well as requires just 10 some-more shares toreach a threshold which would force him to make a takeover bid.



Source

0 comments: