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ESPN FC Posted by ESPN staff
Aug 19, 2013

Former owner regrets Kroenke takeover

Arsenal honorary vice-president Lady Bracewell-Smith has once again expressed her disappointment with the Gunners board, admitting she "regrets" selling her shares in the club to Stan Kroenke.

Stan Kroenke has reportedly received a big-money offer for his share
Kroenke has come under strong criticism after Arsenal failed to secure a major signing this summer.

Kroenke, who became a controlling shareholder at the Emirates after purchasing Bracewell-Smith's stake in 2011, has come under significant criticism over the summer due to Arsenal's inactivity in the transfer market.

Saturday's 3-1 defeat to Aston Villa led Bracewell-Smith to hit out at the majority owner, continuing her suggestions from last year that the American has no passion for Arsenal.

She tweeted: "What a shame the board recommended a Kroenke takeover and paid Rothchilds 3m fee.

"And how deeply I regret selling to Kroenke. #AFC."

Bracewell-Smith then added: "Bring David Dein and give Usmanov representation on the board if we are to have success going forward. #AFC."

The tweets have since been deleted from her account.

Information from the Press Assocation was used in this report.

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