The Arsenal board has announced that it will extend their lock-down agreement for 5 years till 2012 subject to certain conditions. As per this new agreement, the members who have agreed to this can sell to some permitted persons only until 2009. This includes family members and close relatives.
After this period, they can sell their shares, but only if the other members in the agreement decline to buy it. In effect the board members have a first option on the shares.
PHW spoke about the new investors and the board's stand towards a takeover and dividends.
There was also some benefits announced to the share holders which include many matchday discounts.
“There has been much recent media coverage surrounding the share ownership of the Group, following the arrival of two new major shareholders in the past year. I would like to take this opportunity to emphasize to all Shareholders that the Arsenal Board is committed to the principle of developing the long-term stability of the Club through maintaining a business that pays its own way. Members of the Board are committed long-term shareholders and to strengthen the current position they have entered into a new agreement which replaces the existing lock-down agreement which expires next April."
So that's about the AGM and we can be relieved that the fat c*nt won't takeover any time soon and that we'll be in safe hands for more time. The boards policy that the profits wont be divided among shareholders might not be popular with some hideous C*nts, but thats the way it's got to be done for a football club.
Now to injuries. Just when we were praying so that our players will come through the internationals unscathed, we get hit by an injury which we dreaded. One to RvP. The seriousness of the injury is not yet known as RvP is yet to undergo a scan. Senderos is also injured, but the return of Gallas means we might not be affected much. But upfront we're losing our in-form striker for god knows how many days/weeks. This is good chance for Eduardo and Bendtner and with matches against Pool and Manc's coming up, they'll have to get to form pretty soon. How I'd have loved if that f*cking injury hadn't happened.
PS: A detailed report about AGM by Arseblog.
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