From Patrick O’Keefe Member of the gooner forum www.goonerforum.com
David Dein was 100% right, Arsenal need a rich investor to compete with Chelsea and Man Utd in the league.
For years Wenger has worked miracles in the transfer market and we have competed well and stayed in the top 4 but failed to win anything.
Wenger has said a number of times that the club have to sell in able to balance the books and are hindered in the transfer market by the debt of the new stadium.
The Arsenal board have said that they will not sell any more shares to Alisher Usmanov until April 2009 (The Lockdown) “Under the new agreement, the board members have agreed not to dispose of any of their interests in the club before April 18, 2009, other than to certain permitted persons, such as close family.
“After that date, for the remainder of the term of the agreement, they can only sell their shares to another person if the other parties to the agreement do not wish to buy them.
“The agreement is for five years although it can be terminated early by the parties on its third anniversary [18 October 2010].”
The original “lock-down” came after former vice-chairman David Dein left because of “irreconcilable differences”.
Dein wanted the Arsenal board to allow a rich investor to help the current sutiation by bankrolling a mayor spending spree allowing the manager to spend up to £100m on new players.
Dein felt that unless the club did this they would fall behind the rest. I have to say he was right. The club needs mayor investment and until then we are going to see the same thing ever summer, A host of key players leaving and replaced by budget signings and kids.
But we wont win anything until David Dein & Alisher Usmanov are in power.If we don’t invest then Arsenal will drop out the top 4 within 2 years.
And personally I would welcome them.