It could be all change in the Arsenal boardroom in the New Year following the news that the club's third-largest shareholder, Lady Nina Bracewell-Smith, is no longer a board member and could listen to offers for her share of the club.
Arsenal fans will be watching with interest after major shareholders Stan Kronke and Alisher Usmanov both underlined that they would not be looking to add the Indian-born businesswoman's shares to their respective portfolios, as reported in the Times.
The reluctance on the part of both investors in light of the credit crunch's effect on their businesses has led to predictions that the most likely route for investment would be from the far-East.
Usmanov reportedly courted the Abu Dhabi group that eventually bought Manchester City and bankrolled their move for Robinho, and a similar type of investor may be on the cards for Arsenal.
Lady Bracewell-Smith acquired her shares through her husband's inheritance from his grandfather, Sir George Bracewell-Smith.
She has stated that she felt her voice was no longer heard in the Arsenal boardroom and will now seek to cut ties with the club's management.
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
