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lappinitup

Meltdown

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"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......

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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.

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[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?

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[quote user="lappinitup"]
Can you imagine Delia doing that?
[/quote]
It would certainly take all the ''fun'' out of shareholders meetings

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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.

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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.

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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!.....

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[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.

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[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.

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[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.

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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.

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[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?

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good points
and despite all the hype about the PL
the Championship is more the ''league'' most of us knew
yep, there are a few with money to ''spare'' but there are no seven or eight elite clubs who are guaranteed the top spots every season
clubs like Brentford, Millwall and Preston well held their own whilst clubs like Sunderland & Barnsley were shown they had no guaranteed place
not perfect by a long way, but one helluva lot more ''equal'' than ever the PL is

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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.

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[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.

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[quote user="Ben"]
good points
and despite all the hype about the PL
the Championship is more the ''league'' most of us knew
yep, there are a few with money to ''spare'' but there are no seven or eight elite clubs who are guaranteed the top spots every season
clubs like Brentford, Millwall and Preston well held their own whilst clubs like Sunderland & Barnsley were shown they had no guaranteed place
not 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.

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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

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"Delia is actually the poorest owner in the Championship."
Delia/Wyn
are the majority shareholders, not the owners
and that is by a small margin

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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 finance
You 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.

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[quote user="Ben"]
"Delia is actually the poorest owner in the Championship."
Delia/Wyn
are the majority shareholders, not the owners
and 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.

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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!!

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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?!?

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[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. 

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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.

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[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". [:''(]

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[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.

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