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AST statement on sale of shares by Danny Fiszman to Stan KroenkePosted on: 30/03/09

The Arsenal Supporters Trust today commented on the announcement that Danny Fiszman has sold 5,000 shares to Stan Kroenke at a price of £8,500 per share.

"The AST has met with Stan Kroenke and visited his operations in Colorado. We were supportive of him joining the Board and welcome the sporting and commercial expertise he brings to the club. If a sale had to take place we are reassured that it is to Stan. The fact that Stan Kroenke is already a member of the Board at Arsenal should ensure that this change does not create any instability.

"The AST has always had a good relationship with Danny Fiszman. We admire the work that Danny undertook in creating the Emirates and are pleased that he has said he intends to continue as a significant shareholder and play a role in the future of Arsenal.

"The AST have asked to meet with Danny Fiszman to discuss with him how he envisages the club moving forward".