Well Lady Bracewell-Smith has put her 15.9% stake in Arsenal on the market.
Thats the happy club about to be ripped apart then!<br /><br />-- Mon Apr 12, 2010 5:36 pm --<br /><br />Lady Nina Bracewell-Smith is selling her stake of about 16%, potentially sparking a battle for control of the club, Sky News' City editor Mark Kleinman has revealed.
The spotlight will turn on the club's two biggest investors; Kroenke Sports Enterprises and Red & White Holdings.
Kroenke is owned by American sports tycoon Stan Kroenke, while Red & White is fronted by the Russian oligarch Alisher Usmanov.
Lady Bracewell-Smith has hired bankers at Blackstone to find a buyer.
Kleinman said: "I'm told that Red & White may add modestly to its 26% stake.
My City sources say they are slightly puzzled as to why Lady Bracewell-Smith has appointed City advisers to sell the stake, given that she served on the board alongside Kroenke and knows many of the protagonists well already.
City editor Mark Kleinman
"But Usmanov does not want to bid for the club at the moment - an action that would be automatically triggered under the City takeover code if its stake went to 30% or more.
"Kroenke, though, is unlikely to have such reservations, given that he has been slowly accumulating shares to stand on the brink of mounting a full takeover."
Reports suggest Kroenke is due to decide whether he will sell his shares in the St Louis Rams, an NFL team.
That would give him some of the financial firepower required to lodge an acceptable bid for Arsenal.
Investor Stan Kroenke
Kroenke made his debut on the Arsenal shareholder register in 2007, when he bought a 9.9% stake from ITV.
Since then, the club has enjoyed little real success on the pitch despite playing what most purists believe is the most attractive football in the Premier League.
Kleinman added: "My City sources say they are slightly puzzled as to why Lady Bracewell-Smith has appointed City advisers to sell the stake, given that she served on the board alongside Kroenke and knows many of the protagonists well already.
"Her decision to appoint Blackstone may therefore suggest that she has no intention of selling to the American."
The news caps a frenetic few weeks in the world of football finance.
Last month, Kleinman revealed that a group of City financiers known as the Red Knights was plotting a bid to buy Manchester United.
And on Saturday it emerged that Liverpool's American owners are to appoint Barclays Capital to find a buyer for the club.
No one involved in the Arsenal situation has been available for comment, while Blackstone has declined to comment.
Thats the happy club about to be ripped apart then!<br /><br />-- Mon Apr 12, 2010 5:36 pm --<br /><br />Lady Nina Bracewell-Smith is selling her stake of about 16%, potentially sparking a battle for control of the club, Sky News' City editor Mark Kleinman has revealed.
The spotlight will turn on the club's two biggest investors; Kroenke Sports Enterprises and Red & White Holdings.
Kroenke is owned by American sports tycoon Stan Kroenke, while Red & White is fronted by the Russian oligarch Alisher Usmanov.
Lady Bracewell-Smith has hired bankers at Blackstone to find a buyer.
Kleinman said: "I'm told that Red & White may add modestly to its 26% stake.
My City sources say they are slightly puzzled as to why Lady Bracewell-Smith has appointed City advisers to sell the stake, given that she served on the board alongside Kroenke and knows many of the protagonists well already.
City editor Mark Kleinman
"But Usmanov does not want to bid for the club at the moment - an action that would be automatically triggered under the City takeover code if its stake went to 30% or more.
"Kroenke, though, is unlikely to have such reservations, given that he has been slowly accumulating shares to stand on the brink of mounting a full takeover."
Reports suggest Kroenke is due to decide whether he will sell his shares in the St Louis Rams, an NFL team.
That would give him some of the financial firepower required to lodge an acceptable bid for Arsenal.
Investor Stan Kroenke
Kroenke made his debut on the Arsenal shareholder register in 2007, when he bought a 9.9% stake from ITV.
Since then, the club has enjoyed little real success on the pitch despite playing what most purists believe is the most attractive football in the Premier League.
Kleinman added: "My City sources say they are slightly puzzled as to why Lady Bracewell-Smith has appointed City advisers to sell the stake, given that she served on the board alongside Kroenke and knows many of the protagonists well already.
"Her decision to appoint Blackstone may therefore suggest that she has no intention of selling to the American."
The news caps a frenetic few weeks in the world of football finance.
Last month, Kleinman revealed that a group of City financiers known as the Red Knights was plotting a bid to buy Manchester United.
And on Saturday it emerged that Liverpool's American owners are to appoint Barclays Capital to find a buyer for the club.
No one involved in the Arsenal situation has been available for comment, while Blackstone has declined to comment.