Ownership

Arsenal's parent company, Arsenal Holdings plc, operates as a non-quoted public limited company, whose ownership is considerably different from that of other football clubs. Only 62,217 shares in Arsenal have been issued and they are not traded on a public exchange such as the FTSE or AIM; instead, they are traded relatively infrequently on PLUS, a specialist market. At 4 November 2009, a single share in Arsenal had a mid price of £9,250, which set the club's market capitalisation value at approximately £575.5m. The club made a pre-tax operating profit (excluding player transfers) of £62.7m in the year ending 31 May 2009, from a turnover of £313.3m.

In April 2008, business magazine Forbes ranked Arsenal as the third most valuable football team in the world, after Manchester United and Real Madrid, valuing the club at $1.2bn (£605m), excluding debt. Accountants Deloitte rated Arsenal sixth in the 2009 Deloitte Football Money League, a ranking of the world's football clubs in terms of revenue; the club earned £209.3m in the 2007–08 season.

In total, Arsenal F.C.'s board of directors currently hold 45.2% of the club's shares; the largest shareholder on the board is American sports tycoon Stan Kroenke, who launched a bid for the club in 2007, and in November 2009 increased his holding to 18,594 shares (29.9%). Other directors with significant holdings are diamond dealer Danny Fiszman, who holds 10,025 shares (16.1%), and club chairman Peter Hill-Wood, who owns 400 (0.64%); the other directors each hold nominal amounts. Former director Nina Bracewell-Smith (wife of the grandson of former chairman Sir Bracewell Smith) holds 9,893 shares (15.9%).

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Colours

For much of Arsenal's history, their home colours have been bright red shirts with white sleeves and white shorts, though this has not always been the case. The choice of red is in recognition of a charitable donation from Nottingham Forest, soon after Arsenal's foundation in 1886. Two of Dial Square's founding members, Fred Beardsley and Morris Bates, were former Forest players who had moved to Woolwich for work. As they put together the first team in the area, no kit could be found, so Beardsley and Bates wrote home for help and received a set of kit and a ball. The shirt was redcurrant, a dark shade of red, and was worn with white shorts and blue socks.
Dark red jersey, white shorts, black socks
Arsenal's original home colours. The team wore a similar kit (but with redcurrant socks) during the 2005–06 season.

In 1933 Herbert Chapman, wanting his players to be more distinctly dressed, updated the kit, adding white sleeves and changing the shade to a brighter pillar box red. Two possibilities have been suggested for the origin of the white sleeves. One story reports that Chapman noticed a supporter in the stands wearing a red sleeveless sweater over a white shirt; another was that he was inspired by a similar outfit worn by the cartoonist Tom Webster, with whom Chapman played golf.

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The Manager

The Manager added several top-class international players to the side, as the club won the FA Cup in 1997 and established themselves as one of England's top sides again. Gullit was replaced by Gianluca Vialli, who led the team to victory in the League Cup and the Cup Winners' Cup in 1998, the FA Cup in 2000 and the UEFA Champions League quarter-finals in 2000. Vialli was sacked in favour of another Italian, Claudio Ranieri, who guided Chelsea to the 2002 FA Cup Final and Champions League qualification in 2002–03.

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In June 2003, Bates sold Chelsea to Russian billionaire Roman Abramovich for £140 million, completing what was then the biggest-ever sale of an English football club. Over £100 million was spent on new players, but Ranieri was unable to deliver any trophies, so he was replaced by Portuguese coach José Mourinho. Under Mourinho, Chelsea became the fifth English team to win back-to-back league championships since the Second World War (2004–05 and 2005–06), in addition to winning an FA Cup (2007) and two League Cups (2005 and 2007). In September 2007 Mourinho was replaced by Avram Grant, who led the club to their first UEFA Champions League final, in which they lost on penalties to Manchester United. Grant was sacked days later and succeeded by Luiz Felipe Scolari in July 2008.

Scolari spent only seven months in the job before being dismissed after a string of poor results. Russia coach Guus Hiddink was appointed caretaker manager until the end of the 2008–09 season. Chelsea's season ended with a 2–1 win over Everton in the FA Cup Final. Two days later former AC Milan coach Carlo Ancelotti was confirmed as Chelsea's new manager.

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1980s and 90s

The return of former player George Graham as manager in 1986 brought a third period of glory. Arsenal won the League Cup in 1986–87, Graham's first season in charge. This was followed by a League title win in 1988–89, won with a last-minute goal in the final game of the season against fellow title challengers Liverpool. Graham's Arsenal won another title in 1990–91, losing only one match, won the FA Cup and League Cup double in 1993, and a second European trophy, the Cup Winners' Cup, in 1994.[12][17] Graham's reputation was tarnished when it was revealed that he had taken kickbacks from agent Rune Hauge for signing certain players, and he was dismissed in 1995. His replacement, Bruce Rioch, lasted for only one season, leaving the club after a dispute with the board of directors.

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The club's success in the late 1990s and 2000s owed a great deal to the appointment of Arsène Wenger as manager in 1996. Wenger brought new tactics, a new training regime and several foreign players who complemented the existing English talent.

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Development and Evolutions

In 1925, Arsenal appointed Herbert Chapman as manager. Chapman had already won the league twice with Huddersfield Town in 1923–24 and 1924–25 (see Seasons in English football), and he brought Arsenal their first period of major success.

Chapman died suddenly of pneumonia in early 1934, leaving Joe Shaw and George Allison to carry on his successful work. Under their guidance, Arsenal won three more titles, in 1933–34, 1934–35 and 1937–38, and the 1936 FA Cup.

After the war, under Allison's successor Tom Whittaker, Arsenal enjoyed a second period of success, winning the league in 1947–48 and 1952–53, and the FA Cup in 1950. After that, their fortunes waned; unable to attract players of the same calibre as they had in the 1930s, the club spent most of the 1950s and 1960s in trophyless mediocrity.

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Arsenal began winning silverware again with the surprise appointment of club physiotherapist Bertie Mee as manager in 1966. After losing two League Cup finals, they won their first European trophy, the 1969–70 Inter-Cities Fairs Cup.

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History

Arsenal were founded as Dial Square in 1886 by workers at the Royal Arsenal in Woolwich, south-east London, and were renamed Royal Arsenal shortly afterwards. They renamed themselves again to Woolwich Arsenal after turning professional in 1891. The club joined the Football League in 1893, starting out in the Second Division, and won promotion to the First Division in 1904. The club's relative geographic isolation resulted in lower attendances than those of other clubs, which led to the club becoming mired in financial problems and effectively bankrupt by 1910, when they were taken over by Henry Norris. Norris sought to move the club elsewhere, and in 1913, soon after relegation back to the Second Division, Arsenal moved to the new Arsenal Stadium in Highbury, North London; they dropped "Woolwich" from their name the following year. Arsenal only finished in fifth place in 1919, but nevertheless were elected to rejoin the First Division at the expense of local rivals Tottenham Hotspur, by reportedly dubious means.
A group of people on a red open-topped bus wave to a crowd of onlookers.
Arsenal's players and fans celebrate their 2004 League title win with an open-top bus parade.
Two teams of sportsmen, one in yellow shirts and one in red and blue shirts, stand in a line. In front of the line is a line of children in equivalent shirts, but each in front of the opposite team. A number of other people stand in the foreground looking on. Behind the teams, a number of people hold a large circular piece of fabric with logos printed on, and two large banners hang down vertically from above the whole scene.
Arsenal players (in yellow shirts, left) line up alongside FC Barcelona for the 2006 Champions League Final.

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In 1925, Arsenal appointed Herbert Chapman as manager. Chapman had already won the league twice with Huddersfield Town in 1923–24 and 1924–25 (see Seasons in English football), and he brought Arsenal their first period of major success. His revolutionary tactics and training, along with the signings of star players such as Alex James and Cliff Bastin, laid the foundations of the club's domination of English football in the 1930s. Under his guidance Arsenal won their first major trophies – victory in the 1930 FA Cup Final preceded two League Championships, in 1930–31 and 1932–33. In addition, Chapman was behind the 1932 renaming of the local London Underground station from "Gillespie Road" to "Arsenal", making it the only Tube station to be named specifically after a football club.

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About Arsenal

Arsenal Football Club are an English professional football club based in Holloway, North London. They play in the Premier League and are one of the most successful clubs in English football, having won thirteen First Division and Premier League titles and ten FA Cups. They hold the record for the longest uninterrupted period in the English top flight and are the only side to have completed a Premier League season unbeaten.

Arsenal were founded in 1886 and were the first club from the south of England to join the Football League, in 1893. They won their first major trophies, five League Championship titles and two FA Cups, in the 1930s. After a lean period in the post-war years they became the second club of the 20th century to win the League and FA Cup Double, in the 1970–71 season, and in the 1990s and 2000s recorded a series of successes – during this time Arsenal won a Cup Double, two further League and FA Cup Doubles, and became the first London club to reach the UEFA Champions League Final.

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