the playing mantis wrote: ↑Thu Aug 09, 2018 11:41 am
i dont really see much of change we still want him gone whether he owned 60% or 100%.
There is a big difference between a 60% share in a listed company and owning a private company. Now there is zero transparency, so...
No need to let anyone know about any consultancy fees.
No need to detail interest payments on loans.
No need to hold awkward AGMs where small shareholders can raise issues.
No need to show how much the owners get paid.
No need to show if the assets of the company are being leveraged to buy other companies.
No need to detail any change in organisational structure such as splitting the ownership of the club from the ground.
No need to consult anyone about a relocation of the club.
No need to worry about anyone preventing asset stripping.
Probably plenty more reasons, but this absolute control given Kronke's record in the US is a massive concern. At best he keeps the ship steady and maintains Arsenal in the top division to protect his investment, at worst he sucks all the value out of the club. Arsenal have lacked ambition in the last 10 years and have gone backwards. It is hard to see how they go forward from here.