Arsene Wenger’s Delay In Decision Could Leave Arsenal’s Economy In Jeopardy

Mar 24, 2017 at 10:10 AM

facebook iconlinkedin iconmail icontwitter iconWhatsApp iconTelegram icon
Arsene Wenger’s Delay In Decision Could Leave Arsenal’s Economy In Jeopardy

Arsenal are in a tricky position as they could be breaking financial disclosure rules if Arsene Wenger do not make a decision on his future.

As per the EU law, all companies must reveal any information to potential investors that makes a material difference to the future value of the company in order to limit the potential for insider trading.

Despite not having much trading for Arsenal shares, which normally occurs very rare, the club are listed in NEX Exchange in London and they shall remain in the regulations of exchange.

The 67-year old has so far not revealed about his future as he said:  “I know what I will do in my future so you will soon know very soon.”

The news could be a massive blow for the club as the onus is on the board to put an end to the speculations surrounding Wenger’s future as a change would make rapid changes in their shares.

However, a spokesman in NEX said: “NEX would not want to comment on the actions of Arsenal Holdings plc but I am sure they are aware there is a disclosure obligation within the full set of directives that are identical to the London Stock Exchange and set by EU law. It falls to Arsenal to ensure that they comply with them.”

Sir Chips Keswick, chairman of Arsenal is a well respected person in financial circles in the country and is aware of the situation. The board are also keen to ensure that they remain in the regulations of NEX.

A spokesman from Arsenal board said: “We fully understand our commitment to the exchange and will fall in line with whatever is required.”

Related Article
Rio Ferdinand Talks Manchester United-Arsenal’s Epic Rivalry As He Reveals Sir Alex Ferguson’s Dressing Room Speeches Before facing The Gunners
Rio Ferdinand Talks Manchester United-Arsenal’s Epic Rivalry As He Reveals Sir Alex Ferguson’s Dressing Room Speeches Before facing The Gunners

Sep 23, 2022, 2:33 PM


Arsene Wenger Reckons Football Games Behind Closed Doors Will Cause Damage To The Sport
Arsene Wenger Reckons Football Games Behind Closed Doors Will Cause Damage To The Sport

May 18, 2020, 12:30 PM


Wenger yet to decide on PSG move
Wenger yet to decide on PSG move

May 9, 2018, 4:24 PM


‘It is a shame that it had to end this way’
‘It is a shame that it had to end this way’

Apr 24, 2018, 3:21 PM


Arsenal legend thinks Wenger was sacked
Arsenal legend thinks Wenger was sacked

Apr 21, 2018, 10:43 PM


Luis Enrique to Arsenal?
Luis Enrique to Arsenal?

Apr 21, 2018, 8:46 PM