socialmedian: Arsenal chairman's windfall dwarfs the money his grandfather's old club made from reaching a Wembley final

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Arsenal chairman's windfall dwarfs the money his grandfather's old club made from reaching a Wembley final

Source: The Guardian

Nov 06, 2009

Summary

Arsenal chairman's windfall dwarfs the money his grandfather's old club made from reaching a Wembley final

Yesterday's news that Peter Hill-Wood, Arsenal's chairman, made £850,000 from selling one of the last slivers of his family's shareholding in the club to the US investor Stan Kroenke, prompted thoughts of his grandfather's former club, Glossop North End, gritty, hard-up battlers in the Vodkat North West Counties League Premier Division.

The Hill Woods (no hyphen then) were the millowners in Glossop, east of Manchester on the edge of the Peak district, making their fortune during the early to mid-19th century era of child labour and industrial horrors. The later generations grew to be more philanthropic, building a hospital, church, park and baths which the town still uses, and "young Sam," Peter's grandfather, grew up with a recognisably modern attitude: much keener on sport than cotton.

He became the original Jack Walker, funding Glossop North End into the Football League in 1898; Glossop is still the smallest town ever to field a club in English footba

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