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.”