Board Sells - Kroenke Takes Control Of Club!!

As we're unlikely to see terraces again at football, this is the virtual equivalent where you can chat to your hearts content about all football matters and, obviously, Arsenal in particular. This forum encourages all Gooners to visit and contribute so please keep it respectful, clean and topical.
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REB
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Post by REB »

all hail our glorious overlord is it :lol:


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SWLGooner
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Post by SWLGooner »

Why are people like Rugby giving him stick when we don't know how much he has or how much he intends to sell?

Cautious optimism is my stance at the moment.

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Eboue-Why?
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Post by Eboue-Why? »

Well I can see an F.C Arsenal starting up in the Ryman Div 3 within the next 6 months, our equivalent of the Green and Yellow Scarf protest building up a head of steam and anti-Kroenke protests outside Highbury Square.
You mark my words :barscarf:

1989
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Post by 1989 »

Rugby Gooner wrote:
USMartin wrote:
Mr FINSBURY PARK GOONER wrote:Please also remember that Stan Kroenke could not afford to pay £50m he owed former share holders (whos shares he purchesed) just over a year ago. so how the hell is going to finance £500m to buy The Arsenal?
That is the key to this. It certainly makes a lie of the claims that we didn't want his sort at Arsenal.
The time has come for us to stand up and be counted! We owe it to the people who have supported this club for the past 125 years to act as checks and balances to this guys financial slights of hand.We must not allow him to buy OUR club by borrowing against it!!!
What part of "He has never done a leveraged buyout" do you not understand?

Read my reply to Rebel on the previous page.

Talk about negative for the sake of being negative. :roll:

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USMartin
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Post by USMartin »

Henry Norris 1913 wrote:Hill Wood or Kroenke? It ain't exactly an enticing choice......

USM could you enlighten me please? I promise to read your whole post- honest! :shock: :wink:
Sorry I was out earlier watching my niece's band concert...

Anyhoo...

Before we panic as I understand a debt-leveraged takeover can only be financed if the owner owns 75% - plus of the club. Soomeone may have to confirm that but if that is true then unless Usmanov chooses to sell there cannot be that sort iof takeover at least.

I think right now what is really happening is that he is buying the remainder of Dan Fiszman's holdings - at least. Whether that is all he is buying or not he is compelled to make an offer for all other shares, which, and again we need to note this also, can be accepted or rejected by any sharehiolder. There is no legal obligation to sell to anyone. Remember that the Glazer takeover was preceded by a failed takeover by the Coolmore Mafia.

This means that he will hvae to make a bid for the remaining shares he does not own if he buys Mr. Fiszman's shares which is pretty straighforward. Was is less clear is whether or not any of the outside parties - Lady Bracewell-Smith and Red-and White Holdings are involved at this point.

And that really is the key right now. If both are than we have muvh to be concerned with and maybe genuinely worried about. If Lady Nina is we should stll be concerned because then Mr. Usmanov truly is sitting on a lot of as Mr. Hill-Wood once called it dead money and may feel he has no choice but to sell while he can really.

But if that 75% number is true then whether Mr. Usmanov sells or not could be huge - and tell us volumes about what has really been happening all along at Arsenal. Does anybody else have any further info on that 75% number and whether that in fact is correct?

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Rugby Gooner
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Post by Rugby Gooner »

Mr FINSBURY PARK GOONER wrote:Please also remember that Stan Kroenke could not afford to pay £50m he owed former share holders (whos shares he purchesed) just over a year ago. so how the hell is going to finance £500m to buy The Arsenal?
This is one reason why SWLGooner!!!
Last edited by Rugby Gooner on Sun Apr 10, 2011 6:21 pm, edited 1 time in total.

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Bergkamp-Genius
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Post by Bergkamp-Genius »

I hope this isn't true...and if it is i hope Usmanov steps in and trumps his offer.
I don't see what Kroenke can offer us, this would be an out and out business venture for him so i can't see him doing anything different to those who currently run the club...

As for Usmanov that would be an exciting prospect he has the funds to take over the club and clear the debts and invest in playing staff, i would expect immediate big changes if he took over now, big changes for the better, with Kroenke i see business as usual..what is the point in that...

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USMartin
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Post by USMartin »

1989 wrote:
Rugby Gooner wrote:
USMartin wrote:
Mr FINSBURY PARK GOONER wrote:Please also remember that Stan Kroenke could not afford to pay £50m he owed former share holders (whos shares he purchesed) just over a year ago. so how the hell is going to finance £500m to buy The Arsenal?
That is the key to this. It certainly makes a lie of the claims that we didn't want his sort at Arsenal.
The time has come for us to stand up and be counted! We owe it to the people who have supported this club for the past 125 years to act as checks and balances to this guys financial slights of hand.We must not allow him to buy OUR club by borrowing against it!!!
What part of "He has never done a leveraged buyout" do you not understand?


Read my reply to Rebel on the previous page.

Talk about negative for the sake of being negative. :roll:
No....but the question is does he now have the resources to buy the club without one? He just bought full ownership of the St Louis Rams last year, and holds full ownership of the Nuggets Avalnche and Rapids in Denver. It is a valid and responsible question to ask does he have the resources to buy Arsenal without a leveraged buyout at this point?

What it might also be is a premature question at this moment depending on who exactly he is negotiating with and if those rules requring 75% ownership to put debt on our books of that sort are indeed correct.

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Eboue-Why?
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Post by Eboue-Why? »

So is it possible for Kroenke to end up buying most of the shares and then him and Usmanov being the only 2 shareholders? In that scenario, would Usmanov be forced to sell at any stage?

1989
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Post by 1989 »

Bergkamp-Genius wrote:I hope this isn't true...and if it is i hope Usmanov steps in and trumps his offer.
I don't see what Kroenke can offer us, this would be an out and out business venture for him so i can't see him doing anything different to those who currently run the club...

As for Usmanov that would be an exciting prospect he has the funds to take over the club and clear the debts and invest in playing staff, i would expect immediate big changes if he took over now, big changes for the better, with Kroenke i see business as usual..what is the point in that...
Usmanov wouldn't sack Wenger, he's part of the "Arsene can do no wrong" brigade.

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Bergkamp-Genius
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Post by Bergkamp-Genius »

I can't see how Kroenke would end up with Nina's shares... Firstly i couldn't see him outbidding Uzi for them and secondly i can't see why she would have a preference for Kroenke owning them, having been forced out of the club by those endorsing him...

1989
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Post by 1989 »

USMartin - I'm not sure about that but I read somewhere that he's going to sell two of the sport teams he owns to make up some cash.

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USMartin
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Post by USMartin »

Eboue-Why? wrote:So is it possible for Kroenke to end up buying most of the shares and then him and Usmanov being the only 2 shareholders? In that scenario, would Usmanov be forced to sell at any stage?
Not forced to sell in a legal sense. He does not have to sell. However he may want to sell if he genuinely had buying the club as his goal and Mr. Kroenke would not sell to him why would he want to sit on those shares making little or nothing

See this is the problem when shareholders do not receive dividends of some sort. There is nothing to be gained from sitting on your holdings when they are this valuable. Who Needs 500K- 1M a year when you can make 40 80 or even 100 million?

But no he is not compelled to sell at any time by rule I do not believe though if anyone knows any different please feel free to correct that.

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Bergkamp-Genius
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Post by Bergkamp-Genius »

1989 wrote:
Bergkamp-Genius wrote:I hope this isn't true...and if it is i hope Usmanov steps in and trumps his offer.
I don't see what Kroenke can offer us, this would be an out and out business venture for him so i can't see him doing anything different to those who currently run the club...

As for Usmanov that would be an exciting prospect he has the funds to take over the club and clear the debts and invest in playing staff, i would expect immediate big changes if he took over now, big changes for the better, with Kroenke i see business as usual..what is the point in that...
Usmanov wouldn't sack Wenger, he's part of the "Arsene can do no wrong" brigade.
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..

1989
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Post by 1989 »

I recommend everyone read this article, lots of very useful info about the guy:

http://swissramble.blogspot.com/2010/03 ... senal.html

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