A story has appeared in this afternoon’s London Evening Standard (Mon 12/4/10) from Simon English saying that Lady Nina Bracewell-Smith who owns 15.9% of the shares in Arsenal has appointed American bankers Blackstone, a private bank based in New York.
It seems highly unlikely to me and others better informed on these things than I that Lady Nina Bracewell-Smith will be able to attract an offer higher than the £8,500 a share currently being paid by Stan Kroenke. He’s not even going to offer her that until he’s passed the year milestone which will enable him to make an all-shares offer at that price. There is some suggestion that any person who makes an offer which is NOT triggered by the City Takeover Panel rules requiring a mandatory bid can offer what they like but that’s unclear.
Alisher Usmanov MIGHT be tempted, but it would be going all-in. He’d still be a good way off majority control. The board and their close associates control enough to keep control out of his hands. Money talks of course. If Usmanov were to make a really silly offer Kroenke might be tempted to cash in and walk away with a big profit.
It will be interesting to hear what, if anything, Lady Nina has to say about this story. Those good people at Arsenal Supporters’ Trust are keeping a very close eye on developments.
As the old Chinese curse goes, “May you live in interesting times”.
Keep the faith!

Have something to tell us about this article?
Let us know