Board Sells - Kroenke Takes Control Of Club!!

[USMartin]

http://www.arsenal.com/assets/_files/do ... _Offer.pdf

The Good (if true)

the Offer will not be funded by way of any debt finance (banks loans, payment in kind loans or other debt or quasi-debt interest bearing obligations) for which the payment of interest on, repayment of or security for any liability (contingent or otherwise) will depend on the business of Arsenal

The Bad (Right now)

it is their current intention that, if the Offer becomes or is declared
unconditional, they will continue to support and adhere to the self-sustaining business model hitherto pursued by the Board of Arsenal;

the really really ugly (period)

it is their current intention that, if the Offer becomes or is declared
unconditional, existing employment rights of the executive management team and the employees of Arsenal will be fully safeguarded, and the current Board of Arsenal will be invited to remain in place, to assist in ensuring future success on and off the pitch; and

oh dear - like the success they have ensured for Arsenal since 2006 - Good Luck Mr. Kroenke....

[OneBardGooner]

I am wondering if this will affect the 'Sponship' deal we have with Emirates.....as far as I know there is a long term deal in place for both the name of the stadium and the sponsors name/logo on the shirts....

It would be nice to get rid of "The Emirates' tag for The Home Of Football....

[marcengels]

http://www.arsenal.com/assets/_files/do ... _Offer.pdf

The Good (if true)

the Offer will not be funded by way of any debt finance (banks loans, payment in kind loans or other debt or quasi-debt interest bearing obligations) for which the payment of interest on, repayment of or security for any liability (contingent or otherwise) will depend on the business of Arsenal

The Bad (Right now)

it is their current intention that, if the Offer becomes or is declared
unconditional, they will continue to support and adhere to the self-sustaining business model hitherto pursued by the Board of Arsenal;

the really really ugly (period)

it is their current intention that, if the Offer becomes or is declared
unconditional, existing employment rights of the executive management team and the employees of Arsenal will be fully safeguarded, and the current Board of Arsenal will be invited to remain in place, to assist in ensuring future success on and off the pitch; and

oh dear - like the success they have ensured for Arsenal since 2006 - Good Luck Mr. Kroenke....

Thanks, Martin (really!)

[USMartin]

What will be curiious now if the pledages in the offer are honored is whehter or not any of the money now in the reserves that is avaialble to spend(not required to be held as part of our arrangements with our creditors) is made available to the manager to make up for the failure of the self-sustaining business model from 2005-2010.

I think it should be and would like to think it would be as i susp[ect it was held as much to keep the sahre orice high as anything else.

Still I worry that since Mr. Kreonke has no plans to take Arsenal off the stock market that may tell us both his long-term and short-term intention may not be what we hope or Arsenal needs now even if he won't necessarily put us in the same sort of financial peril as Liverpool was and United nearly was put into.

[1989]

Couldn't sleep last night thinking about this.

Happy to hear the confirmation that it won't be a debt leveraged takeover. Told you guys, too much moaning and worrying over nothing. Kroenke has himself said it's not his style to do leveraged buyouts. And if he did a leveraged buyout he would have done so 4 years ago when he first showed interest in the club, not 4 years after being a board member and understanding and fully knowing the club's principles with respect to self sustainability.

Not happy about Hill Wood remaining as chairman though. He should be the first one out, stupid ignorant *word censored* that he is.

[Arsenal 1991]

I wasn't suggesting he would sack Wenger...but what he would do is expect more from him...I see no way he would tolerate him going with youth and bargain buys if he was winning f all..
I think there would be some serious investment in the team whether Wenger wanted it or not..

Yeah but Wenger wouldn't stand for anyone interfering with his business and would probably throw his toys out and leave should that happen. Usmanov wouldn't want that, he's in awe of Wenger and wouldn't want to upset him.

We might have more money to throw around with Usmanov, but Wenger won't spend it anyway.

I'm sure he respects what Wenger has done in the past and would hope given more investment in playing staff he could do it again...
But there is no way he would put up with Wengers i know best attitude if he was winning nothing...
Usmanov wants to win things of that there is no doubt, i doubt very much he would let Wenger get in the way of that no matter how much in awe of him he says he is now...

I doubt Usmanov would be that involved in the day to day running of things. A more likely scenario would be that he would put in place a Chief Executive and have him and the board as his link to the club. So if the CEO and the board report back to him that the club is making profits each year and in a good financial standing whilst also operating near the top of the league then i can't see Usmanov making drastic measures.

But then again this is all guesswork on my behalf due to experience, so who knows what he would do if he ever actually did take over Arsenal.

I wasn't expecting him to be doing a 40 hour week down at the stadium...

But i would be very surprised if his only interest in the club was that they were operating near the top of the league and making a profit, that's what we do now and by all accounts he thinks we can do better..

I would be far more inclined to believe that he would have the same kind of interest in the club as Abramovich has in Chelski, to make the club successful. I doubt his idea of success means 2nd 3rd or 4th place in the league and i doubt his interest in the club is about turning a yearly profit ahead of a better chance of winning some silverware...

You need to do some research on usmanov, I dont think you'll be so keen for him to takeover afterwards.

[supergeorgegraham]

If the deal means the current board all stay then that means Dein wont be able to come back.
Arsenal need change now more than ever and this whole deal stinks of no change at all. Just an American making money from the Arsenal fans as long as the fans put up with it.
I so want to be wrong.

[USMartin]

Couldn't sleep last night thinking about this.

Happy to hear the confirmation that it won't be a debt leveraged takeover. Told you guys, too much moaning and worrying over nothing. Kroenke has himself said it's not his style to do leveraged buyouts. And if he did a leveraged buyout he would have done so 4 years ago when he first showed interest in the club, not 4 years after being a board member and understanding and fully knowing the club's principles with respect to self sustainability.

Not happy about Hill Wood remaining as chairman though. He should be the first one out, stupid ignorant c**t that he is.

Not be an alarmist but an old friend better versed in these things tham myself posted this on another forum

Yes just skimmed the terms of the offer and all fairly complicated compared to the Glazer offer, seems as though there are call/put options on the DF side which seems to suggest he may be in cohoots with Stan here!? and especially as the following passage:

Yes just skimmed the terms of the offer and all fairly complicated compared to the Glazer offer, seems as though there are call/put options on the DF side which seems to suggest he may be in cohoots with Stan here!? and especially as the following passage:


In deciding whether or not to recommend the Offer, the Arsenal Independent Directors have considered the confirmations provided by Mr Kroenke and KSE as well as the Offer price. In light of all of these factors the Arsenal Independent Directors, who have been so advised by Rothschild, consider the terms of the Offer to be fair and reasonable. In providing advice to the Arsenal Independent Directors, Rothschild has taken into account the commercial assessments of the Arsenal Independent Directors.

Accordingly, the Arsenal Independent Directors intend to unanimously recommend that Arsenal Shareholders accept the Offer, as the Arsenal Independent Directors have irrevocably undertaken to do in respect of their own shareholdings amounting, in aggregate, to 555 Arsenal Shares (representing 0.89 per cent. of Arsenal's existing issued share capital).

seems to indicate that DF has removing himself from the other 'independent' directors, I smell a rat..

I would like to think the assurances received are in fact genuine though but hope we will press the parties involved to ensure this is the case.

[Arsenal 1991]

Why is everyone so keen for Dein to come back?

I only have anecdotal evidence but he was just AW's link to the board, AW still pulled all the strings.

[littlefire]

MONTAGE: The Overlook echoes with an incessant clackety-clack as we see the hollow-eyed Caretaker typing, typing, typing in the great hall day and night, furiously, feverishly, focused only on... his "opus".

Silence : A stark morning light shows an empty chair. The fire is out. A neatly stacked ream of paper sits beside the battered typewriter on the huge desk. The shocked Spouse tiptoes into the space, clutching her red and white scarf close to her whilst scanning for any sign of her deranged husband. Assured he is absent, she gingerly approaches the desk, coming round to see what has been written. She pulls a sheet of paper from the machine and stares at it in puzzlement. Over her shoulder we watch her leaf through the stack of paper and see that every page contains just one sentence, repeated over and over in an infinite variety of formats:

the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance

She recoils in horror.

[marcengels]

Couldn't sleep last night thinking about this.

Happy to hear the confirmation that it won't be a debt leveraged takeover. Told you guys, too much moaning and worrying over nothing. Kroenke has himself said it's not his style to do leveraged buyouts. And if he did a leveraged buyout he would have done so 4 years ago when he first showed interest in the club, not 4 years after being a board member and understanding and fully knowing the club's principles with respect to self sustainability.

Not happy about Hill Wood remaining as chairman though. He should be the first one out, stupid ignorant c**t that he is.

I slept like a log, mate

Then woke up, and there was some wood

and then log again in the toliet


All in all, a good period of tree-based action.

[USMartin]

MONTAGE: The Overlook echoes with an incessant clackety-clack as we see the hollow-eyed Caretaker typing, typing, typing in the great hall day and night, furiously, feverishly, focused only on... his "opus".

Silence : A stark morning light shows an empty chair. The fire is out. A neatly stacked ream of paper sits beside the battered typewriter on the huge desk. The shocked Spouse tiptoes into the space, clutching her red and white scarf close to her whilst scanning for any sign of her deranged husband. Assured he is absent, she gingerly approaches the desk, coming round to see what has been written. She pulls a sheet of paper from the machine and stares at it in puzzlement. Over her shoulder we watch her leaf through the stack of paper and see that every page contains just one sentence, repeated over and over in an infinite variety of formats:



the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance
the Offer will not be funded by way of any debt finance

She recoils in horror.

[Boomer]

For those that haven't seen here's P.Diddy Hill-Woods email.

[quote]Dear Member,

I wanted you to know that that an offer has been made by KSE, UK, INC. (“KSEâ€

[mrgnu1958]

Couldn't sleep last night thinking about this.

Happy to hear the confirmation that it won't be a debt leveraged takeover. Told you guys, too much moaning and worrying over nothing. Kroenke has himself said it's not his style to do leveraged buyouts. And if he did a leveraged buyout he would have done so 4 years ago when he first showed interest in the club, not 4 years after being a board member and understanding and fully knowing the club's principles with respect to self sustainability.

Not happy about Hill Wood remaining as chairman though. He should be the first one out, stupid ignorant c**t that he is.

I slept like a log, mate




Then woke up, and there was some wood

and then log again in the toliet


All in all, a good period of tree-based action.

[1989]

Couldn't sleep last night thinking about this.

Happy to hear the confirmation that it won't be a debt leveraged takeover. Told you guys, too much moaning and worrying over nothing. Kroenke has himself said it's not his style to do leveraged buyouts. And if he did a leveraged buyout he would have done so 4 years ago when he first showed interest in the club, not 4 years after being a board member and understanding and fully knowing the club's principles with respect to self sustainability.

Not happy about Hill Wood remaining as chairman though. He should be the first one out, stupid ignorant c**t that he is.

I slept like a log, mate

Then woke up, and there was some wood

and then log again in the toliet


All in all, a good period of tree-based action.

WTF