THE BOARD - Kroenke, Usmanov and Finance

[I Hate Hleb]

This story is at least a few days old and has been rehashed to co-incide with the fans discontent.

[supergeorgegraham]

If after all this some Arsenal fans still dont want to give Usmanov a chance then they deserve the mire we are going through. I am all for fixing a problem with a solution and thats not just a new manager its Usmanov and David Dein.

[StuartL]

If after all this some Arsenal fans still dont want to give Usmanov a chance then they deserve the mire we are going through. I am all for fixing a problem with a solution and thats not just a new manager its Usmanov and David Dein.

Except Dein isn't the Red and White flagbearer anymore is he ??

[Herd]

Those of you that think that Kroenke feels any pressure to sell out are living in cloud coockoo land.

One of his reasons to invest in the first place was to get his hands on the TV rights for the club ,which he had even before he took control from Fizbang Deadwood,and Braceyerself Smith .

He quite reasonably assumes that in a few years Clubs will be able to sell their own TV rights and thus Arsenal will be able to Bank gazillions from their Overseas fans .

At this stage of the game he wont be selling to anyone unless he makes loads a money !

[northbank123]

The bloke knew the deal when he took over. He owns a couple of other sports franchises and they've generally performed poorly, he knew that Arsenal were likely to fall even further when he came in so he's hardly going to be having sleepless nights about not being Mr Popular in N5. The bloke only has to turn up for 120 minutes of uncomfortable AGM and perhaps one or two token appearances at home games shielded away in the boxes and that's him done for the year, pretty small inconvenience bearing in mind how much money he's going to be netting.

The only 'pressure' that he will feel is economic pressure and with the current regime that ain't gonna happen any time soon.

[georgeknows89]

Arsenal website today confirms that Usmanov only 29 shares from next target of 30% shareholding.

The CNBC broadcast shown on sky and followed up on bbc website is all part of the concerted effort to try and pressurise for at least some form of communication with Kroenke even if a seat on the board is unlikely.

[augie]

Arsenal website today confirms that Usmanov only 29 shares from next target of 30% shareholding.

The CNBC broadcast shown on sky and followed up on bbc website is all part of the concerted effort to try and pressurise for at least some form of communication with Kroenke even if a seat on the board is unlikely.

Good news and all that but I dont think we have time to play the long game anymore - this club is sliding further and further down the shitter every single day and as a club we are really suffering an identity crisis in the way we are perceived by other clubs and players both inside and outside the club. Usmanov is not going to take charge anytime soon cos he knows that kroenke isnt interested in selling so he isnt in a panic to buy - everybody is playing the long game and all the while we suffer

[Arsenal Till I Die]

Arsenal website today confirms that Usmanov only 29 shares from next target of 30% shareholding.

The CNBC broadcast shown on sky and followed up on bbc website is all part of the concerted effort to try and pressurise for at least some form of communication with Kroenke even if a seat on the board is unlikely.

Good news and all that but I dont think we have time to play the long game anymore - this club is sliding further and further down the shitter every single day and as a club we are really suffering an identity crisis in the way we are perceived by other clubs and players both inside and outside the club. Usmanov is not going to take charge anytime soon cos he knows that kroenke isnt interested in selling so he isnt in a panic to buy - everybody is playing the long game and all the while we suffer

Agreed.

Although I remain in high hopes that Usmanov will take over eventually, I don't see it being an early christmas present for us all.

Say what you like about Usmanov, he is a good businessman who seems to understand that in order to gain anything you need to invest.

[SteveO 35]

Arsenal website today confirms that Usmanov only 29 shares from next target of 30% shareholding.

The CNBC broadcast shown on sky and followed up on bbc website is all part of the concerted effort to try and pressurise for at least some form of communication with Kroenke even if a seat on the board is unlikely.

Good news and all that but I dont think we have time to play the long game anymore - this club is sliding further and further down the shitter every single day and as a club we are really suffering an identity crisis in the way we are perceived by other clubs and players both inside and outside the club. Usmanov is not going to take charge anytime soon cos he knows that kroenke isnt interested in selling so he isnt in a panic to buy - everybody is playing the long game and all the while we suffer

Agreed.

Although I remain in high hopes that Usmanov will take over eventually, I don't see it being an early christmas present for us all.

Say what you like about Usmanov, he is a good businessman who seems to understand that in order to gain anything you need to invest.

HighburyJD would beg to differ - have a look at the comments further up the page. Ha ha - more uninformed guff

[Arsenal Till I Die]

Arsenal website today confirms that Usmanov only 29 shares from next target of 30% shareholding.

The CNBC broadcast shown on sky and followed up on bbc website is all part of the concerted effort to try and pressurise for at least some form of communication with Kroenke even if a seat on the board is unlikely.

Good news and all that but I dont think we have time to play the long game anymore - this club is sliding further and further down the shitter every single day and as a club we are really suffering an identity crisis in the way we are perceived by other clubs and players both inside and outside the club. Usmanov is not going to take charge anytime soon cos he knows that kroenke isnt interested in selling so he isnt in a panic to buy - everybody is playing the long game and all the while we suffer

Agreed.

Although I remain in high hopes that Usmanov will take over eventually, I don't see it being an early christmas present for us all.

Say what you like about Usmanov, he is a good businessman who seems to understand that in order to gain anything you need to invest.

HighburyJD would beg to differ - have a look at the comments further up the page. Ha ha - more uninformed guff

I've spoken to JD regarding Unsmanov before and although I've read both sides of the argument I am still in favour of Usmanov because of the fact he has (more than once) come out and expressed an interest in Arsenal and come out and slagged off the current bored and how things are run - something which is more ofthen than not true.

Business is a dirty, dirty game. No business man is clean and anyone who thinks otherwise is deluded.

[kiwomya]

Arsenal website today confirms that Usmanov only 29 shares from next target of 30% shareholding.

The CNBC broadcast shown on sky and followed up on bbc website is all part of the concerted effort to try and pressurise for at least some form of communication with Kroenke even if a seat on the board is unlikely.

I was told earlier in the week that David Dein has been assisting very recently with buying up shares for Usmanov.

I'm not entirely sure on how the 30% thing works. I know he would HAVE to make a mandatory offer to takeover the club but can't the current board just reject it?

I would think he's stopped short of the 30% because it clearly triggers allsorts....

[northbank123]

Somebody who knows more about mergers and acquisitions can clarify but I'm pretty sure that if there is already a major shareholder then Kroenke can agree with Usmanov to waive the take-over trigger. And in any case nobody is obliged to accept.

[georgeknows89]

Various people have been assisting in share acquisition.......

30% rule is not as relevant where there is a majority shareholder so not obliged to bid .. And won't as pointless unless a ridiculous bid is made and it won't be.

The only relevance of the 30% rule was the premier league rule but as all know it was changed to 50% in the June AGM.

What you might see is a challenge to that rule change as not being legal .

What is clear is that Usmanov is becoming increasingly frustrated at the inability to be recognised in any format and from a position of silence is now starting to talk and communicate more openly about his thoughts.

[augie]

Various people have been assisting in share acquisition.......

30% rule is not as relevant where there is a majority shareholder so not obliged to bid .. And won't as pointless unless a ridiculous bid is made and it won't be.

The only relevance of the 30% rule was the premier league rule but as all know it was changed to 50% in the June AGM.

What you might see is a challenge to that rule change as not being legal .

What is clear is that Usmanov is becoming increasingly frustrated at the inability to be recognised in any format and from a position of silence is now starting to talk and communicate more openly about his thoughts.

Could never quite fathom how that policy could stand up either In fact I cannot understand how a person owning 5% of the shares can be denied access to the club books - in essence the club belongs to it's shareholders and that means all it's shareholders and not just a few of them so, whilst I can see where people can be denied a place on the board, I cannot see how vital information can be witheld from them like that

[georgeknows89]

The reverse question is why Arsenal were so keen to get that rule change pushed through at the PL AGM in June 2012 ?

What is that they have to hide that they don't want a 30% shareholder to see ?

Wengers contract along with Gazidis must have a big profit share bonus linked to players sales !

The 20 year contract with Delaware North stinks, the new sponsorship deal with Emirates generated f**k all for the naming rights when broken down even though it was never split in the announcement and big question marks over unsold boxes, hospitality and club level.

Lots to be asked that they don't want to answer