THE BOARD - Kroenke, Usmanov, Finances, AGM etc.

[QuartzGooner]

I don't understand what Usmanov's game is, he has been sniffing around the club long before Kroenke appeared on the scene. As much as I would like him to put his money where his mouth is, I don't think he will and is quite happy to reap his dividends without the aggro of board membership and even more so, ownership.
In short he is no different to the rest of them and his gesturing is nothing but just that "gesturing".

Tell me you are joking sid.Happy to reap his dividends without the aggro of ownership,he is the richest man in Britain what dividends does he make from Arsenal that would make a difference to his vast wealth.Why would he be afraid of ownership he is a great businessman who is worth £4billion more than Roman.Usmanov with 30% of the shares is not even offered a seat on the board.If he had no love for Arsenal he could buy Liverpool or Spurs tomorrow and blow us out of the water like Chelsea did.He hasnt and he wont.

Sid:

- Kroenke was on the scene before Usmanov.
It was Dein who was talking to Kroenke prior to Usmanov, with the partnership Arsenal set up with Colorado Rapids.


- There are no dividends issued on Arsenal shares, and to my knowledge never have been.

[augie]

I don't understand what Usmanov's game is, he has been sniffing around the club long before Kroenke appeared on the scene. As much as I would like him to put his money where his mouth is, I don't think he will and is quite happy to reap his dividends without the aggro of board membership and even more so, ownership.
In short he is no different to the rest of them and his gesturing is nothing but just that "gesturing".

Tell me you are joking sid.Happy to reap his dividends without the aggro of ownership,he is the richest man in Britain what dividends does he make from Arsenal that would make a difference to his vast wealth.Why would he be afraid of ownership he is a great businessman who is worth £4billion more than Roman.Usmanov with 30% of the shares is not even offered a seat on the board.If he had no love for Arsenal he could buy Liverpool or Spurs tomorrow and blow us out of the water like Chelsea did.He hasnt and he wont.

Sid:

- Kroenke was on the scene before Usmanov.
It was Dein who was talking to Kroenke prior to Usmanov, with the partnership Arsenal set up with Colorado Rapids.


- There are no dividends issued on Arsenal shares, and to my knowledge never have been.

But tbf quartz, it is likely that there will be in the near future if kroenke remains as owner

[QuartzGooner]

No idea Augie.

Could happen if Usmanov is owner, but who can say for sure, and could any move to issue dividends be resisted by minority shareholders, or whom I think a handful remain?

[georgeknows89]

quartz etc

the 2 key % are 75% and 90%

at 75 % shareholders can "do what they want" and put debt on the club glazer style, so the irony for many is that Usmanov currently protects the club and the fans.

at 90% i think , poss 95% they can exercise option to i believe buy out remaining shareholders but no one can certainly stop dividends at 90% +

Not gonna say to much and be slagged off again as trying to be ITK but I am assured by the Usmanov camp that they are happy with fan ownership of shares and something they will be keen to widen further if and when they owned the club.

I will only re iterate what I have said consistently since starting this thread a year ago- Usmanov wants to own the club ,has been a fan for about 10-12 years , and wants AFC to share in his wealth in the same way that his best friend Abramovich has done at Chelsea, where I believe the best part of £800 bloody million has been invested/ given/written off as loans converted to equity or whatever

He went to Montpellier, Munich, had a box at White Hart Lane and both his substantial UK mansions each have a room dedicated to arsenal memorabilia- I bet all Stan has is something he has nicked out the Arsenal Store

[1989]

Usmanov is the real deal. We're so unlucky to be stuck with the silent yank, fuck.

[highburyJD]

If he had no love for Arsenal he could buy Liverpool or Spurs tomorrow and blow us out of the water like Chelsea did.He hasnt and he wont.

Bahamas Joe and the latest Scouse Yanks don't need to sell any more than Silent Stan
the 'easiest' club to buy, if money is no object, is actually ManUre

no individual should be allowed to own a football club - we should campaign for the emancipation of football
follow the Bunesliga model of 51% fan ownership - a football clause 4

[augie]

If he had no love for Arsenal he could buy Liverpool or Spurs tomorrow and blow us out of the water like Chelsea did.He hasnt and he wont.

Bahamas Joe and the latest Scouse Yanks don't need to sell any more than Silent Stan
the 'easiest' club to buy, if money is no object, is actually ManUre

no individual should be allowed to own a football club - we should campaign for the emancipation of football
follow the Bunesliga model of 51% fan ownership - a football clause 4

More of a hope of getting terraces back, pay on the gate matches and a return to the proper AFC crest

[highburyJD]

personally can't see the upside of pay on the gate...
think terraces, safe standing, will inevitably return

[goonersid]

I don't understand what Usmanov's game is, he has been sniffing around the club long before Kroenke appeared on the scene. As much as I would like him to put his money where his mouth is, I don't think he will and is quite happy to reap his dividends without the aggro of board membership and even more so, ownership.
In short he is no different to the rest of them and his gesturing is nothing but just that "gesturing".

Tell me you are joking sid.Happy to reap his dividends without the aggro of ownership,he is the richest man in Britain what dividends does he make from Arsenal that would make a difference to his vast wealth.Why would he be afraid of ownership he is a great businessman who is worth £4billion more than Roman.Usmanov with 30% of the shares is not even offered a seat on the board.If he had no love for Arsenal he could buy Liverpool or Spurs tomorrow and blow us out of the water like Chelsea did.He hasnt and he wont.

The problem lies with the fanbase who bend over and let Kroenke take them from behind

Can't see how the fans are preventing Usamanov from making an offer, so I can see no other reason for his lack of action otehr than a genuine lack of interest or willing.

- Kroenke was on the scene before Usmanov.
It was Dein who was talking to Kroenke prior to Usmanov, with the partnership Arsenal set up with Colorado Rapids.


- There are no dividends issued on Arsenal shares, and to my knowledge never have been.

Quartz, they both appeared on the scene in 2007 and i may be wrong but i'm pretty sure Usmanov's interest was mooted before Kroenke. As for dividends, that may be the wrong term, but there must be profits to be had. otherwise why would Kroenke be here? or is he a genuine fan?
Guys, The fact remains, Usmanov could buy and sell Kroenke 5 times over, but yet he sits and lets a disinterested yank hold control of the club he claims he loves Usmanov is full of shite, as far as I can see, his only interest is profit and until the club can yield him a long term return a buyout would cost him he will do fuck all.

[northbank123]

I guess their profit comes from capital growth on the shares.

[A dallying Gus Caesar]

I don't understand what Usmanov's game is, he has been sniffing around the club long before Kroenke appeared on the scene. As much as I would like him to put his money where his mouth is, I don't think he will and is quite happy to reap his dividends without the aggro of board membership and even more so, ownership.
In short he is no different to the rest of them and his gesturing is nothing but just that "gesturing".

The problem lies with the fanbase who bend over and let Kroenke take them from behind

Spot on. The mugs who turn up every week are keeping Kroneke at the club. Though agree with an earlier point that this should not stop Usmanov showing his hand.

Honestly, I work with a couple of season ticket holders who are very deluded. They genuinely think success is just round the corner. They have thought this way for the last 5 years or so. Shame.

[northbank123]

I don't understand what Usmanov's game is, he has been sniffing around the club long before Kroenke appeared on the scene. As much as I would like him to put his money where his mouth is, I don't think he will and is quite happy to reap his dividends without the aggro of board membership and even more so, ownership.
In short he is no different to the rest of them and his gesturing is nothing but just that "gesturing".

The problem lies with the fanbase who bend over and let Kroenke take them from behind

Spot on. The mugs who turn up every week are keeping Kroneke at the club. Though agree with an earlier point that this should not stop Usmanov showing his hand.

Honestly, I work with a couple of season ticket holders who are very deluded. They genuinely think success is just round the corner. They have thought this way for the last 5 years or so. Shame.

So it's the supporters' job to make the club not financially viable to such a damaging extent that Kroenke will want to sell up? Not only is that in nobody's interests because Kroenke is in for the long haul (unless offered a handsome price) and is hardly going to sell at the first bad sign, it's also unrealistic.

If Usmanov is going to mouth off about wanting to own the club but not take action over it it's just like Wenger saying about all these players he wants/wanted to sign but didn't want to pay over the odds for.

I'm sure Usmanov is perfectly aware that it's very difficult to pressure a fellow billionaire into selling such a valuable investment under-value, and that he wouldn't be able to do so to any other company the size of Arsenal Holdings plc. He can't rely on the fans boycotting etc to knock down the price for him, and I imagine he knows that perfectly well.

[Steve_I]

edit: meh

[QuartzGooner]

- Kroenke was on the scene before Usmanov.
It was Dein who was talking to Kroenke prior to Usmanov, with the partnership Arsenal set up with Colorado Rapids.


- There are no dividends issued on Arsenal shares, and to my knowledge never have been.

Quartz, they both appeared on the scene in 2007 and i may be wrong but i'm pretty sure Usmanov's interest was mooted before Kroenke.

Kroenke's football club Colorado Rapids teamed up with Arsenal officially in February 2007, but there had been informal links the previous year.

Usmanov was not linked to us in any way until after Dein was sacked, and then Dein announced in August 2007 that he had sold his shares to Usmanov.
So that is quite different from your saying "Usmanov was on the scene long before Kroenke", though if you meant that Usmanov was publicly linked with a takeover before Kroenke was then that is correct up to a point, in that Usmanov and Dein announed their partnership as a way to influence the club, but stopped short of declaring an intent to take over the club.
It may be that Kroenke was approached to help with a take over, but even on his way to buying about 70% of shares, he said very little.

As for dividends, that may be the wrong term, but there must be profits to be had. otherwise why would Kroenke be here? or is he a genuine fan?

I think no one has ever doubted that Kroenke is in it for profit.

Guys, The fact remains, Usmanov could buy and sell Kroenke 5 times over, but yet he sits and lets a disinterested yank hold control of the club he claims he loves Usmanov is full of shite, as far as I can see, his only interest is profit and until the club can yield him a long term return a buyout would cost him he will do fuck all.

It is out of Usmanov's control.
As I and others have said, there is very little that Usmanov can do to force Kroenke to sell his shares. Kroenke is not as rich as Usmanov, but is rich enough not to need Usmanov's money.

[Den10kamp]

god i'd hate to think what kroenke with full ownership would be like? its bad enough as it is now with his 60 odd percent

there is nothing wrong with pressure being applied to kroenke by usmanov .... and by that pressure i mean the hold he has of 30%.... im sure kroenke would much rather he didnt have that 30% ...

TEAM USMANOV all the way

WE ARE GOING NOWHERE UNDER KROENKE

he needs to fuck off and take his mediocracy elsewhere the james blunt