Date: 6th November 2009 at 11:45am
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Manager Arsène Wenger had revealed that he does not own any shares in parent company Arsenal Holdings plc, following news that US tycoon Stan Kroenke had increased his holdings to 0.01 per cent from the takeover threshold.

The Frenchman said that it was important that he performed his duties to the club in an impartial way, and holding shares in the club meant that his focus could have been deviated by personal financial gain.

Kroenke yesterday purchased 200 ordinary shares at a price of £8500 each. 100 of those shares were sold by Chairman Peter Hill-Wood.

Wenger also said that he was comfortable with the trading of Arsenal stock, as long as his job as a manager is not made increasingly complicated.

The Frenchman also said that he didn’t think ‘Silent Stan’ has any intentions of launching a takeover bid for the club, but he’s not worried about matters off the pitch.

The 60-year-old said: “No, I do not own any shares because I felt always that I [must] try to do the job with a good work ethic and not to be accused of any decision being of my personal interest.

“I thought always it`s healthier not to be involved in it at all. So I cannot be accused that whatever decision I make looks after my own interest.

“Kroenke`s not in a position where he has to make a bid so at the moment nothing changes.

“I care and worry about my plans. I look towards the team. I take care of what is my responsibility, and that means the team, the results, the way we play and the next game. So the rest is a little bit above my head.”

 

2 responses to “Wenger: Why I do not own Arsenal shares”

  1. Austin Tolokesi says:

    Then win us trophies don’t just talk. Its so painful for us fans to always experince what happened at Dortmund and also to see what Southamton did to us on Tuesday. Wenger what are you doing to tackle this problem we have in defence? Why did you put Jankenson on loan and why did you sell Thomas to Barcelona?

  2. Magosi Moshagane says:

    God! If u really care that much why are we losing the best players n not wining any trophy?