Posted: Wed Oct 27, 2010 5:46 pm
Actually less than 20% (closer to 14-16%) after Lady Bracewell-Smith's dimissal and the Carr Family selling off it's holding. The Board actually even with Mr. Kroenke's holding controls about 43-46% of the club. As long as Mr. Usmanov and Lady Bracewell-Smith to not link their holdings and no one else is forced off the Board that 45% or so is really as powerful as 75% in terms of controlling the club now.Arsenal 1991 wrote:Just out of interest, if you take out the yank how many shares do the board own?USMartin wrote:Now this again is a great point. I can’t understand this defence of the Board at this point honestly. In this case the reason being that they are taking far more money out of the club itself this way. As you note in your final paragraph it is very possible that they financial prudence does not Have the club’s long-term survival behind it. I find it very disconcerting how much our Board sound like the right-wing politicians who preach cutting debt and deficit by decreasing spending on public programs which help all sectors but stare at you like someone stuck thumb up their arse without asking when you talk about increasing taxes to the wealthy.augie wrote:Boomer I am against the board for a few reasons -
2. I keep hearing shit about how committed this board are to our club and how they see themselves as custodians but what evidence is there of that ? Show me one of those board members who hasnt been cashing in on the increase in share prices by flogging some of their shares and that move hardly suggests commitment does it ? I hear constant comments about how not taking dividends from the club is so brilliant by the people concerned but that is just a face value shallow view and totally ignores the fact that by not taking dividends the club balance sheets look better which in turn raises the value of the shares and club.
All this talk about ending up like Leeds if we invest any more in the team while they go out and pocket a few million here a few million there, another 30 million in Mr. Fiszman’s case, and if its up to her, another 100 million when some buys Lady Bracewell-Smith’s shares, sounds a bit less than genuine to be honest. At this point I would rather they did opt to go down the dividends road and sold Highbury which together would have had far less negative impact on the football club and allowed them to be rewarded for their stewardship of the club and a deserved return on their investment(at least for those who actually did invest as opposed to inheriting their shares). It would just be a smaller profit. But since these individual hardly have to worry about money compared to us who aren’t millionaires, would that be so unacceptable for them?