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Gunners fans warned of dangers of overseas takeover
0 Comments | AFP, July, 2007
LONDON (AFP) — Arsenal managing director Keith Edelman on Sunday warned fans that a takeover by an overseas investor may not be good news for the club, amid mounting speculation that American billionaire Stan Kroenke is set to launch a bid.
Kroenke, who currently owns just over 12 percent of the club's parent company, is thought to be keen to increase his financial involvement.
He could yet face competition from Formula One supremo Bernie Ecclestone, who has links to ousted Arsenal vice-chairman David Dein and who on Saturday refused to rule out the possibility of a takeover.
While Edelman insisted that the board "welcome" Kroenke as a shareholder he warned fans that any overseas investor will attempt to take more money out of the club than they put in....
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