Saturday, April 21, 2007

Formal bid for Gunners looks likely, as fears grow for Wenger's future...

US tycoon Stan Kroenke has increased his stake in Arsenal to just over 12%, days after his friend David Dein quit the club's board. It is widely expected that David Dein will soon sell his remaining 14.5% shares in the club to the US tycoon which will leave Kroenke 3.5% short of 30% which when reached will trigger a formal offer for Arsenal. The end game for Arsenal's existing shareholders is very much in sight.

From the outside looking in I wouldn't be unduly concerned about the intense speculation concerning the future of Arsene Wenger, because although the Frenchman has recently spoken about his concerns over foreign ownership of so many leading English clubs, if Dein as expected returns to lead the club under Kroenke, then I'd back Dein to talk Wenger round into staying put.

Above all else retaining Wenger is key to the future success of Arsenal especially in the short term, because without him the club could be in big trouble and so if I was an Arsenal fan, never mind the Dein row, Wenger is the man to be really concerned about.

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