lappinitup 629 Posted August 7, 2018 "US sports mogul Stanley Kroenke, the controlling shareholder in Arsenal Football Club, has agreed to buy Russian billionaire Alisher Usmanov''s 30.5% stake in the club.""Kroenke currently owns 67% of Arsenal, as well as various sports teams in the United States, including the Los Angeles Rams in American football, the NBA’s Denver Nuggets and the Colorado Rapids and Avalanche in the respective MLS and national ice-hockey leagues.""Kroenke will finance the purchase of Usmanov''s 30.5% stake with £45.3m of his own money and a £557m loan from Deutsche Bank, which also acted as financial adviser to KSE on th deal.""Kroenke said in a statement: "We at KSE are moving forward with this offer leading to 100% ownership of the club. We appreciate Mr Usmanov''s dedication to the Arsenal Football Club and the storied ethos and history the club represents."“Stan Kroenke taking the club private will see the end of supporters owning shares in Arsenal and their role upholding custodianship values,” said an AST statement. “The AST is also extremely concerned to note that this purchase is being funded by a loan. The most dreadful part of this announcement is the news that Kroenke plans to forcibly purchase the shares held by Arsenal fans."Can you imagine Delia doing that? Always a risk selling out to stinking rich foreign owners......https://www.fnlondon.com/articles/kroenke-secures-550m-deutsche-loan-for-full-arsenal-takeover-20180807https://www.telegraph.co.uk/football/2018/08/07/stan-kroenke-arsenal-takeover-signals-dreadful-day-club-says/ Share this post Link to post Share on other sites
king canary 7,605 Posted August 7, 2018 Kronke is an odd one as he owns a numbers of sports teams so you have an idea of how he manages them and he''s simply concerned with making money and not that fussed about sporting success. Share this post Link to post Share on other sites
lappinitup 629 Posted August 7, 2018 [quote user="king canary"]Kronke is an odd one as he owns a numbers of sports teams so you have an idea of how he manages them and he''s simply concerned with making money and not that fussed about sporting success.[/quote]Would you want him here kingo? Share this post Link to post Share on other sites
Bill 1,788 Posted August 7, 2018 [quote user="lappinitup"]Can you imagine Delia doing that? [/quote]It would certainly take all the ''fun'' out of shareholders meetings Share this post Link to post Share on other sites
king canary 7,605 Posted August 7, 2018 Not really no.American owners generally don''t get on so well in football. American sports franchises are essentially a license to print money due to the closed shop leagues. Kronke''s LA Rams can''t get relegated and salary caps mean there isn''t a player wage arms race. Kronke is a particularly bad example as he was more than happy to let the team stagnate for years while he tried to move them to LA. Other owners of American teams are fans who take a real pleasure in seeing their team succeed on the field. Share this post Link to post Share on other sites
River End Canary 18 Posted August 7, 2018 It''s my wet dream to have supportive owner like him Share this post Link to post Share on other sites
Big Vince 318 Posted August 7, 2018 It is amusing when posters and Archant put up these scare stories about other clubs in order to somehow justify carrying on with the small-time operation of the Suffolk Socialists. We saw it with the troubles at Villa and now this one with Arsenal.The fact is these clubs are too big to fail (as we now see with Villa sorting out their mess) and Norwich under the Suffolk Socialists are too small to succeed.I mean, comparing the boy Kroenke with Delia is just ridiculous. They are leagues apart in every way you could think of. Share this post Link to post Share on other sites
Mello Yello 2,291 Posted August 7, 2018 I''d wager Kroenke can''t make a souffle......But our Delia can.....Oh, and so can our Chairman Ed, he made one in the second Trumpy thingy on Beeb 2......Kroenke may be worth a few bob......but anyways, he probably can''t cook!.....How lucky are we.....eh!..... Share this post Link to post Share on other sites
lappinitup 629 Posted August 7, 2018 [quote user="Big Vince"]They are leagues apart in every way you could think of.[/quote]You are missing the point Vinnie. How would you feel if she bought out Foulger''s shares and then forced you to sell your shares to her through a compulsary purchase? That''s my point. Share this post Link to post Share on other sites
Big Vince 318 Posted August 7, 2018 [quote user="lappinitup"][quote user="Big Vince"]They are leagues apart in every way you could think of.[/quote]You are missing the point Vinnie. How would you feel if she bought out Foulger''s shares and then forced you to sell your shares to her through a compulsary purchase? That''s my point.[/quote]Well, at least then she would be honest about her intentions with the club and it would show balls.Up till now, Delia has always been very two-faced. On the one hand trying to cosy up to supporters, but on the other hand doing everything to keep a grip on the club.Regarding my shares I''m not too bothered. If someone was going to buy me out as part of a plan to win the Champions League, I would say yes please. But that person will never be Delia. Share this post Link to post Share on other sites
TIL 1010 4,745 Posted August 7, 2018 [quote user="lappinitup"][quote user="Big Vince"]They are leagues apart in every way you could think of.[/quote]You are missing the point Vinnie. How would you feel if she bought out Foulger''s shares and then forced you to sell your shares to her through a compulsary purchase? That''s my point.[/quote]Have the Arsenal fans got any say in this, i mean like a voice ? I seem to remember Swansea fans had the rug pulled from under them when Huw Jenkins sold out to American owners even though the fans owned 21% of the club. Share this post Link to post Share on other sites
vos 155 Posted August 7, 2018 The Russian obviously wants to get his money out before we pass legislation to stop him i.e. the nerve agent business. As for the Duetsche Bank lending this vast amount of money is complete financial madness. Many of these Americans like Trump have a string of corporate failures between them but some idiots still lend them money. This sort of money going in to the Premiership just further widens the gap between them and the rest of football and rather like the property market its simply about making money. It will lessen the quality of the Championship but hopefully we will some entertainment. Share this post Link to post Share on other sites
lappinitup 629 Posted August 7, 2018 [quote user="Big Vince"]Regarding my shares I''m not too bothered. If someone was going to buy me out as part of a plan to win the Champions League, I would say yes please.[/quote]Let''s be realistic Vinnie, no-one is going to promise to " win the Champions League" at the backwater that is Norwich City. Many have made all sorts of wild promises when aquiring clubs which they have failed to fulfill so, I''ll ask you again, would you be prepared to sacrifice your small share in the club on the words of a stranger? Share this post Link to post Share on other sites
Bill 1,788 Posted August 7, 2018 good pointsand despite all the hype about the PLthe Championship is more the ''league'' most of us knewyep, there are a few with money to ''spare'' but there are no seven or eight elite clubs who are guaranteed the top spots every seasonclubs like Brentford, Millwall and Preston well held their own whilst clubs like Sunderland & Barnsley were shown they had no guaranteed placenot perfect by a long way, but one helluva lot more ''equal'' than ever the PL is Share this post Link to post Share on other sites
Surfer 1,547 Posted August 7, 2018 Hmm, Deutsche Bank in the middle of another Russian deal.... that aside, in effect Arsenal, or Chelsea or Tottenham are very much like an NFL franchise, almost certainly won''t get relegated and get lots of free media exposure. It''s all about the franchise value. Living near LA we''ve seen the spectacle of the St Louis Rams being moved back to LA (even though StL offered to cost share on a $1Bn new stadium) to a new stadium on land Kronke owns under the LAX flightpath, and the San Diego Chargers moving up to LA to share that stadium (because SD wouldn''t cough up $1B to build them a new stadium) even though they have no fan base here, and the Oakland Raiders (who were in LA for twelve years) will be moving to Las Vegas where LV is building them a $2Bn stadium because Oakland won''t build them a brand new one. This is the same team who moved to LA from Oakland because they wouldn''t add luxury suites to the stadium and then moved back to Oakland from LA because LA didn''t upgrade / rebuild the stadium and Oakland finally agreed to add a new stand with luxury suites. Rams fans in LA are happy only because the Rams happen to be good, Chargers fans in San Diego and Raiders fans in Oakland and LA are not happy at all. But, who cares, in the NFL it''s all about the money. Share this post Link to post Share on other sites
Rock The Boat 1,331 Posted August 8, 2018 That should be a lesson to all of us, surfer Share this post Link to post Share on other sites
Big Vince 318 Posted August 8, 2018 [quote user="lappinitup"][quote user="Big Vince"]Regarding my shares I''m not too bothered. If someone was going to buy me out as part of a plan to win the Champions League, I would say yes please.[/quote]Let''s be realistic Vinnie, no-one is going to promise to " win the Champions League" at the backwater that is Norwich City. Many have made all sorts of wild promises when aquiring clubs which they have failed to fulfill so, I''ll ask you again, would you be prepared to sacrifice your small share in the club on the words of a stranger?[/quote]If Norwich City is a football backwater then it is because the Suffolk Socialists have made it so and you have been brainwashed by the Suffolk Socialists.Mr Chase had Norwich City punching way above itself by giving it a national profile due to success on the pitch and training facilities that were state of the art at the time. Share this post Link to post Share on other sites
sgncfc 1,227 Posted August 8, 2018 [quote user="Ben"]good pointsand despite all the hype about the PLthe Championship is more the ''league'' most of us knewyep, there are a few with money to ''spare'' but there are no seven or eight elite clubs who are guaranteed the top spots every seasonclubs like Brentford, Millwall and Preston well held their own whilst clubs like Sunderland & Barnsley were shown they had no guaranteed placenot perfect by a long way, but one helluva lot more ''equal'' than ever the PL is[/quote]Ironically the three clubs you mention as "holding their own" are owned by people who are massively more wealthy than Delia. According to Wiki (which as we know is never wrong) Delia is actually the poorest owner in the Championship. At least 7 League One clubs have owners with a substantially bigger net worth.So we are punching above our weight quite a bit by even being in this league. Share this post Link to post Share on other sites
Darth Canary1 91 Posted August 8, 2018 All my Arsenal supporting mates hate this dude, he is only interested in putting money through the club. He really doesn''t care about success on the pitch Share this post Link to post Share on other sites
Bill 1,788 Posted August 8, 2018 "Delia is actually the poorest owner in the Championship."Delia/Wynare the majority shareholders, not the ownersand that is by a small margin Share this post Link to post Share on other sites
Essjayess 307 Posted August 8, 2018 Vince, yes Mr. Chase did do some good things at his time here, as well as some not so good. I could never compare his time at the club to Delia and Michael''s, for one thing the jobs were / are different, as is the football world itself, and its question of financeYou mention under Chase we had a state of the art training facility. Well, despite the so called "hard times" right now. we play our first home game this weekend on a brand new relaid pitch, the first for a decade and a half. Also at this very time, check Archant''s report on Steve Stone and Stuart Webber''s info on whats happening at Colney.Delia and hubby have brainwashed no one, they have the full support of the Board and other shareholders. I for one look at our club right now, all of it, not just what result we get on the pitch on a Saturday afternoon. Its financially sound, the facilities compare well to many other clubs that have much higher finance than us, and if they dont, they are being seen to, to make them so.Football backwater? i would argue less so now than 20 years ago (although of course the internet has been a substantial part of that). I look at Delia''s 20 years plus at the club and give a thumbs up. I can even smile at her somewhat cheesy commercial with Kevin Bacon (there''s food for thought...). Want a true backwater? try 40 miles south down the Portaloo. Share this post Link to post Share on other sites
sgncfc 1,227 Posted August 8, 2018 [quote user="Ben"]"Delia is actually the poorest owner in the Championship."Delia/Wynare the majority shareholders, not the ownersand that is by a small margin[/quote]Splitting hairs. At 57% (or 59% or 61% depending on who you believe and whether you are counting only voting shares) they have a comfortable majority and therefore decide what happens. The remaining 43% is mainly owned by people not even at their financial level, so the point made about Norwich City being the club with the poorest owners in the Championship is completely valid.At almost every level on this messageboard Delia is attacked as the "owner".But well done, you scored a point. Share this post Link to post Share on other sites
Faded Jaded Semi Plastic SOB 1,023 Posted August 8, 2018 Trophies have been a bit thin on the ground for the once mighty Arsenal, despite the wealth of their owners and the vast amount of money they have spent on players and wages....... Share this post Link to post Share on other sites
glory.win or die. 270 Posted August 9, 2018 Robert Chase did alot of good, some of it maybe by luck than judgement, and he may have been at the helm during our most successful period but he didn''t leave us in that position. He left us languishing in 2nd tier, fire sale of players, deep in debt,without our best manager and best chance of promotion, and with Gary Megson!! Share this post Link to post Share on other sites
Nuff Said 5,137 Posted August 9, 2018 I wouldn’t bother dignifying Big Mince’s “posts” with a reply, he’s like Waveney without the comedy value. First against the Ignore button wall come the revolution.And is there really a team called the Denver Nuggetts?!? Share this post Link to post Share on other sites
lake district canary 4,531 Posted August 9, 2018 [quote user="Big Vince"]Mr Chase had Norwich City punching way above itself by giving it a national profile due to success on the pitch and training facilities that were state of the art at the time.[/quote]Fabulous times.....until the bubble burst. That''s the problem with those who live in the past, they only remember what they want to remember. The cost of getting to where we did could have finished the club off. As it was, it was set back a good few years - and after Watling stepped in it was only the financial input of DS and MJW that gave the club any chance at all of keeping the club afloat. No one would want to change the first PL season and the European campaign, but the club was overstretched to get there. I don''t suppose Vinnie would come back on here and agree with any of this - and that''s the trouble with those with agendas, they only see their own agenda as being correct. Share this post Link to post Share on other sites
Faded Jaded Semi Plastic SOB 1,023 Posted August 9, 2018 And of course the Chase years were at a time when football was very different to what it is now....... Share this post Link to post Share on other sites
Big Vince 318 Posted August 10, 2018 The Suffolk Socialists have no vision for the club whatsoever. Their only concern is to create a transfer surplus every year to balance the books.When was the last time the Suffolk Socialists actually spoke in public to outline their vision for the club in one year, three years, five years? They never communicate directly with fans and do not give interviews to the local media. They don''t learn anything about football. The coaching at the club under Chase was of a much higher calibre. In Machin and Williams Norwich City had two of the finest coaches in the country. Chase and Jones knew in their gut what they were doing. The Suffolk Socialists look for someone with perceived know-how to tell them what to do. Weak leadership is not a recipe for success in any walk of life.When Winston Churchill was composing his "end of the beginning" speech, did he ask for help and advice? Of course not, it came by gut instinct. Share this post Link to post Share on other sites
lappinitup 629 Posted August 10, 2018 [quote user="Big Vince"]When Winston Churchill was composing his "end of the beginning" speech, did he ask for help and advice[/quote]Except with Chase it was "the beginning of the end". [:''(] Share this post Link to post Share on other sites
TIL 1010 4,745 Posted August 10, 2018 [quote user="lappinitup"][quote user="Big Vince"]When Winston Churchill was composing his "end of the beginning" speech, did he ask for help and advice[/quote]Except with Chase it was "the beginning of the end". [:''(][/quote]The beginning of the end Lapps was his '' if Chris Sutton is not here at the beginning of the season nor will i '' speech. He probably knew then that Barclays Bank were on his case. Share this post Link to post Share on other sites