Thursday, July 5, 2012

Arsenal shareholder blames board

Arsenal second largest shareholder said that Van Persie did not sign a new deal because of the new board, where he criticized them hugely. In fact Red and White Securities Limited (held by Alisher Usmanov and Farhad Moshiri), wrote a letter to the board questioning their ambitions and also questioning whether this will happen again, after last year Samir Nasri left Arsenal in a similar manner. In the letter one can truly say that between RWD holdings and Arsenal board, including Ivan Gazidis, there are a lot of differences. In the letter one can find that Usmanov criticized that the financial model that the board adopted for the club worked 10 years ago, but not in this time, were players are going away to their main competitors. He said that that policy was good for the club when they needed to build a new stadium, but now they must ensure that they will win trophies, and not making millions in their pockets.

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