Hexagon9
Active Member
I thought he took dividends and management fees to cover the repayments on his borrowings taken out to buy the club in the first place?I'm just grateful he doesn't take money out of the club tbh.
I thought he took dividends and management fees to cover the repayments on his borrowings taken out to buy the club in the first place?I'm just grateful he doesn't take money out of the club tbh.
I don't think he has taken visible amounts out of the Club otherwise it would have been scrutinised. We heard about a 3m management fee, but that's basically nothing on today's transfer market.I thought he took dividends and management fees to cover the repayments on his borrowings taken out to buy the club in the first place?
Start emptying the stadium on match days. Don't buy the shirt. Then the owners will be forced to care.Ruined the club. Won't move forward until they are gone, years away ffs
Got it in one. The guy is using the Arsenal to get himself leverage and he is not paying the Arsenal for his free finance. He has taken money for marketing and he probably used the club's assets as collateral in order to help him buy out Usmanov and the small shareholders.There's a difference between having money and having money available for transfers.
We have a lot of cash, but it looks to me like Kroenke has said that a significant amount of our % needs to be retained and not used for reinvestment which is why we have a small transfer budget despite our earnings being in the top 10 football clubs. Arsenal are incredibly profitable for him and im sure we have a good cash balance, it's just that we don't want to use it for transfers.
I'd also say that although Kroenke doesn't withdraw significant money from the club, it doesn't mean he can't use the big cash balances we have in the bank as collateral for other borrowing or investments that he wants to make elsewhere in his business empire. It's possible that he could demand we hold (X)00m in the bank and not spend it so he can borrow against it. In my mind this isn't much better than just withdrawing money from the club anyway
Got it in one. The guy is using the Arsenal to get himself leverage and he is not paying the Arsenal for his free finance. He has taken money for marketing and he probably used the club's assets as collateral in order to help him buy out Usmanov and the small shareholders.
To be fair it’s not a short train ride from his $728million ranch in Texas, or his mega mansion in Colombia, Missouri.You can judge how committed an owner is by how often he visits the stadium.
Is it any further than Thailand? Or the UAE? or Moscow?To be fair it’s not a short train ride from his $728million ranch in Texas, or his mega mansion in Colombia, Missouri.
That’s harder than any question on University Challenge.Is it any further than Thailand? Or the UAE? or Moscow?
Started going downhill the day he cane to the club. But for Wenger we would have been mid table a while ago.
He hasn’t put a single penny in, but has taken £3m out twice for consultancy services.