David Dein is the former co owner and vice chairman of Arsenal football club. He was sacked on this day in 2007.
David Dein was vice chairman of Arsenal between 1983 to 2007. He was appointed when he bought a share of the club in 1983. Dein bought a 16.6% share of the club for 292,000 pounds.
During his time at the club, he was responsible for football matters taking an active role in transfer of players and contract negotiationswhere he was able to use his extensive network of football contact.
On April 18, Arsenal witnessed an internal wrangling over to accept an anticipated takeover bid from American billionaire, Stan Kreonke claims an influential and leading figure club when vice chairman and one of the key member in Arsenal’s success down the years, Davvid Dein leaves his position with immediate effect.
Dein was extremely important to Arsenal, and no board would sack someone like that unless they absolutely had to. It was clear Dein had to go as his ideas were contrary to the Arsenal self sustaining model. This was worse than the sale of Robin Van Persie.
Dein believed that only by attracting significant outside investment can Arsenal challenge rivals for the Premier League title, a premise the board rejected. not the sale of Henry, Viera, Fabregas or Nasir was responsible for Arsenal not competing for major titles any longer.
Dein subsequently sold his shares to Russian billionaire, Alisher Usmanov, warning that the club risk slipping out of the top four if they refused money injection. Dein was a clever man, very smart. This was the begining of the end.
Although, the board did not envisage a take over, the then chairman, Sir Peter Hillwood, believed that Kreonke would be better suited than Usmanov to preserve the self sustaining model. It was reported that the traditionalist board of Hillwood and co. forced Dein out of Arsenal
Dein believed Usmanov was the future but other board members thought that the fact Kroenke promised to keep the self sustaining model was the one . That disagreement led to the resignation of Dein. To preserve the self sustaining model, top four was like a trophy as it generated sufficient Champions League revenue for the club.
So far, Dein’s prediction seems to have come to pass. Arsenal have failed to win the Premier League since 2004. Arsenal have been kicked out of top four for three consecutive seasons and Arsenal no longer compete for top players in the transfer market. Dein leaving Arsenal was a massive mistake because he had unmatched vision and Arsenal has not been the same since he left in 2007.
Arsene Wenger was really hurt by Dein’s resignation. He was the man responsible for bringing Wenger to Arsenal. He was the man behind Wenger’s early success. Reports have it that in 2007 after Dein announced he will be leaving the club, Wenger went to his[Dein] house and asked if he [Wenger] should resign with him, but Dein told him not to because he believed Arsenal would fall further after Wenger.
Things really fell apart after David Dein’s resignation and Arsene Wenger’s departure as Arsenal currently lie in 9th position . So in essence Dein’s depature is responsible for th fact that Arsenal cannot compete for major honours any more.