Arsenal won’t take on debt

FOLLOWING Stan Kroenke’s bid to buy Arsenal outright, the club made great play of saying that none of the debt from his loan to acquire all the shares would be lodged with the club. Yet this would not have been legally possible as former shareholder Danny Fiszman put covenants in place to prevent this happening while masterminding the new stadium.

The late Fiszman and former managing director Keith Edelman did not want the club to be loaded with owners’ debt in a similar way to the Glazer family at Manchester United.

Meanwhile, shareholders at this year’s AGM voted against Kroenke’s son, Josh, and chairman Chips Keswick staying on the board. THE off-field move of Fulham finance director Sean O’Loughlin to become chief financial officer at Crystal Palace is said to be a lot to do with the increasing influence of American owner Shahid Khan’s people at Craven Cottage in connection with Khan’s £600m bid to buy Wembley.