Token Yank
Well-Known Member
True. But I would be more worried if they decided to sit on their hands and do nothing this window because Arsenal wasn't internally generating enough cash to invest. This is business 101. With COVID it is a buyers market. You use the clubs value to secure a loan and purchase assets (players) to create more value for the club (hopefully). Only hope for the future is they have seemed to figure it out with their other teams. The Rams were in the Super Bowl a couple years back, a consistent play off team and probably among the favorites to win the Super Bowl this year. Avalanche were eliminated in RD 2 of playoffs, same with the Nuggets who have been a solid playoff team for 3 years or so.In the years the Kroenkes have been majority share holders and later full owners of our club, what, if any, of their decisions have made you feel confident we are being well run and on the right track?
People are worried because our "downfall" wasn't a surprise or sheer drop, rather a predictable and steady decline.
If we were a well run club people wouldn't be mentioning this, but seeing our baffling incompetence in the past decade or so, makes it that fans are worried about where this money is coming from and how it may impact our club going forward.
I would be more concerned if they decided to do nothing instead of taking out a loan to finance transfers. People are acting like it's some crackpot idea to use debt financing when in reality it is finance 101. We aren't Sp**s or Barca who have amassed $1bn in debt. From what I have seen in the past our balance sheet is strong and we can take on the debt load.
Also, Kroenke's assets are usually not cash generative. Sports franchises and real estate usually increase in value but cash flow is not overly strong. Therefore, you usually need to borrow against the appreciating assets for cash. This is pretty standard. But yeah, I guess I would rather no debt financing so we can finish 14th watching Mohamed Elneny 38 games next season.