Fiszman: How would selling to Kroenke benefit us?

Arsenal majority shareholder and director Danny Fiszman is wondering how selling the North London club to American tycoon Stan Kroenke benefit it.

Fiszman insists that the Gunners are not in need of Kroenke's cash and that the board are more than happy with the club's current financial state, including the stadium debt.

Fiszman said: "I've been on the board 15 years now. Since then, we've had tremendous success on the pitch and we've built a fabulous team, a young team.

"We've built the stadium. It's not a bad stadium is it? And also a state-of-the-art training ground.

"All that has been done with our own resources. We've done everything in a sensible and financially-conservative way.

"Other than Chelsea, we've seen no evidence of big amounts being put into a club.

"The board is there to ensure that the future of Arsenal improves and that we continue the success that we've had in the past.

"We will do everything we can in order to ensure that.

"We are open to anything that will improve the club but we're going to have to be seriously convinced that it would improve the fortunes of the club," Fiszman told Sky Sports.

"It's going to be very, very difficult to explain to me and to the rest of board how you can actually make substantial investment - which would be another £400million, £500million, £600million - and expect a return for that.

"If it's just an 8-10% return, you're talking about £50million or so. That's got to come out of the club, otherwise there's no point making a purchase.

"I don't know how they're going to be able to improve the finance of the club at that sort of amount."

User Comments

Arselona

Posted on 1 May, 2007 at 05:17 PM - Reply

But the claim is the club is profitable,which means anyone who buys over the club is bound to break even eventually. An investor like this would also mean we would be able to compete monetarily with the likes of chelsea,madrid etc.I am not telling i am for this investor but some stronger reason needs to be given for not wanting to sell the club.

Gooner Bob

Posted on 1 May, 2007 at 03:25 PM - Reply

So Mr Fitzman if Wenger comes to you in the summer and asks for £40million you will gratefully give it to him. More chance of Sperz beating us.

DjScaly

Posted on 1 May, 2007 at 12:57 PM - Reply

too right we dont need his cash we all know how shallow chelsea success is becuase its just built upon one mans money and nutthin else, whereas all the success arsenal have ever had and will ever have is built on teamwork and the principles of r great club

JJ

Posted on 1 May, 2007 at 12:08 PM - Reply

and that, in a nutshell, is that! what else is there to discuss?

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