$tan Kroenke Becomes Soul Owner

[hydrofluoric acid]

Basically, not much is going to change either way. Think a lot of people are going over the top with all the doom and gloom stuff.

My understanding is that Kroenke can now start again taking money out of the club but this time nobody will know because he doesn't have to inform anyone about it.

He is also buying the rest of the stakes with the loan that the club itself will be used to pay back so more burden on the club.

So yeah you are right. Nothing really change. We are still a whole extinction of the Kroenke family away from winning the league.

 

[OnlyOne]

Doesn't this make it easier for the African guy to buy the club though? Or am I being dumb

 

[celestis]

Josh Kroenke reportedly taking a hands on approach and getting directly involved gives me hope.

As much as its about money I find it hard to believe he will be able to seperate money from on field performances.

There is ego involved here, you may not give a **** about a certain sport but if you own a club/business involved in the sport you want them to achieve the maximum and win trophies, be recognised as a dominant winning team, not West Brom or Burnley where no ****s are given about who owns them and it holds no street cred in Premier League meetings or discussions relating to the super club breakaways etc.

That is my hope as well .

 

[Vinci]

Whatever Kroenke is, at least he's not a Russian mobster.

And at least Kroenke was never in jail.

 

[Tony's nose]

Doesn't this make it easier for the African guy to buy the club though? Or am I being dumb

I suppose he only deals with 1 main shareholder

 

[Sapient Hawk]

This is a monumental travesty!! We're witnessing the death knell of our beloved club as its identity is slowly eroded to nothing.

Nothing wrong with selling the club for a hefty amount, but when its tossed into the lap of an apathetic owner the damage is irreversible.

Though he did a lot of great things for the club, I will never forgive David Dein for introducing this hyena to our club along with the rest of the opportunistic board who allegedly "love" Arsenal. Lady Bracewell Smith for one has my eternal enmity.

I've never been one for optimism so will not exactly feign any in the hopes of rousing the ever so swiftly collapsing morale here, grim days lie ahead far into the future. All we can do is keep supporting & hope this blight isn't everlasting.

 

[Slartibartfast]

My understanding is that Kroenke can now start again taking money out of the club but this time nobody will know because he doesn't have to inform anyone about it.

He is also buying the rest of the stakes with the loan that the club itself will be used to pay back so more burden on the club.

So yeah you are right. Nothing really change. We are still a whole extinction of the Kroenke family away from winning the league.

Actually, the loan isn't against the club itself (as the Glazers did). It's against his entire Kroenke Sports & Entertainment empire. As this article actually explains -- despite the sensationalist headline -- the bridge loan is small beans compared to his fortune and is likely to be paid back very quickly.

If, in the unlikely event that he can't pay it back, he loses everything. Not just Arsenal, but the Rams, Avalanche, Nuggets, Rapids, stadiums, etc. Hard to envision him letting that happen.

https://uk.sports.yahoo.com/news/stan-kroenke-risks-fortune-arsenal-loan-144849341.html

 

[hydrofluoric acid]

Who really care about if they hunt animals or where in jail?

The truth is, that the club has regressed since Kroenke took over as majority shareholder at the same time Usmanov tried to talk for ideas like money injection so we could actually behave a little more like the clubs who are winning the trophies on regular basis.

 

[Tony's nose]

Actually, the loan isn't against the club itself (as the Glazers did). It's against his entire Kroenke Sports & Entertainment empire. As this article actually explains -- despite the sensationalist headline -- the bridge loan is small beans compared to his fortune and is likely to be paid back very quickly.

If, in the unlikely event that he can't pay it back, he loses everything. Not just Arsenal, but the Rams, Avalanche, Nuggets, Rapids, stadiums, etc. Hard to envision him letting that happen.

https://uk.sports.yahoo.com/news/stan-kroenke-risks-fortune-arsenal-loan-144849341.html

I heard on the radio that his LA dream is going way beyond budget . He has borrowed a billion off his wife and now 500 million for Arsenal.
They reckoned KSE will owe over 4 billion !!!

So if that's true how much will our future ' war chests be '

 

[tap-in]

Josh Kroenke reportedly taking a hands on approach and getting directly involved gives me hope.

As much as its about money I find it hard to believe he will be able to seperate money from on field performances.

There is ego involved here, you may not give a **** about a certain sport but if you own a club/business involved in the sport you want them to achieve the maximum and win trophies, be recognised as a dominant winning team, not West Brom or Burnley where no ****s are given about who owns them and it holds no street cred in Premier League meetings or discussions relating to the super club breakaways etc.

I agree, I think Josh would have far more interest in Arsenal winning things that his Dad. Anyone with even a small passion for sport will want their team to win, if that same person has some financial control to improve the chances of the club winning then it has to be a good thing. Obviously I'd rather Arsenal remain a public company but if Usmanov sells things will change whether I like it or not, having Josh involved helps me see a future that may not be doom and gloom.

 

[ClubLevel]

I think this is Karma on me laughing at United when the yanks took over all them years ago. I remember going to Old Trafford singing all the USA related songs. Serves me right really.

Anyway I do think the league needs to let fans have a percentage of the club, I'm sure thats what happens in Spain or Germany, its sad to see that side of the ownership take over.

 

[Slartibartfast]

Josh Kroenke reportedly taking a hands on approach and getting directly involved gives me hope.

As much as its about money I find it hard to believe he will be able to seperate money from on field performances.

There is ego involved here, you may not give a **** about a certain sport but if you own a club/business involved in the sport you want them to achieve the maximum and win trophies, be recognised as a dominant winning team, not West Brom or Burnley where no ****s are given about who owns them and it holds no street cred in Premier League meetings or discussions relating to the super club breakaways etc.

Excellent points. People are freaking out for no reason. While there are certainly legitimate criticisms of Stan Kroenke, just because he hasn't run the club like the Russian mobster (just for Mo) Abramovich or the oil sheiks at City there has been an elaborate conspiracy theory that has developed here. Kroenke may not have grown up kicking a ball around in North London, but the idea that he doesn't care if the club succeeds is silly. He does, even if only for ego and long-term profitability. I would imagine Josh has developed a closer relationship to the club than his dad.

In fact, not having the other Russian mobster as a significant minority shareholder could bring a level of stability in Kroenke's mind that could possibly lead to more investment in the club in the future. So I'm just going to relax and see what happens. Others can tear their hair out if they want. They're only hurting themselves.

 

[YeahBee]

Can somebody explain how he automatically gets to by other peoples stocks if he buy kronkes ?

 

[Gooner Zig]

Because it could grow even more if the team is successful.

Even outside of sports why do you think the biggest brands keep investing money when they're already making a ridiculous amount of profits?

And tbf I don't even think he would have to invest money from his own pocket. According to reports we have funds that we're not using.
It's more about ambition and the willingness to grow our brand than investing money from his own pocket.

As I said before though, the growth from winning stuff is paltry compared to increase in value from TV rights. From his own words, Kroenke is an "investor", so it makes sense for him to just sit back, do nothing and watch his investment grow and grow with the continued rise of the PL media rights.

Your second paragraph is interesting - that's more a matter for the BoD and executive team. I agree 100% they have not used all of Arsenal's vast resources to improve results on the pitch, how else does the club end up with a cash balance of > 200m whilst the majority of the PL is financing their operations via lines of credit?

 

[Slartibartfast]

I heard on the radio that his LA dream is going way beyond budget . He has borrowed a billion off his wife and now 500 million for Arsenal.
They reckoned KSE will owe over 4 billion !!!

So if that's true how much will our future ' war chests be '

Keep in mind, what's being built in L.A. isn't just a stadium. It's an entertainment district. There will be a business park, retail shopping malls, an open-air market, luxury hotels, a multiplex movie theater, a music and theater venue, ballrooms, condominiums and even a lake. Hollywood Park Casino is already open and running. There's even another team -- the Chargers -- as a tenant. They're already scheduled to host a Super Bowl, a College Football Playoff National Championship and the 2028 Summer Olympics. There's a decent chance it will host the 2026 World Cup final. This thing is going to be an enormous cash cow.

 

[Tony's nose]

Keep in mind, what's being built in L.A. isn't just a stadium. It's an entertainment district. There will be a business park, retail shopping malls, an open-air market, luxury hotels, a multiplex movie theater, a music and theater venue, ballrooms, condominiums and even a lake. Hollywood Park Casino is already open and running. There's even another team -- the Chargers -- as a tenant. They're already scheduled to host a Super Bowl, a College Football Playoff National Championship and the 2028 Summer Olympics. There's a decent chance it will host the 2026 World Cup final. This thing is going to be an enormous cash cow.

I know and that's been my concern all along . Once this is fully up and running will he just loose interest in us ?

Or leave us with big debt having run us into the ground ?

It's all food for thought

 

[Mrs Bergkamp]

I can't say I'm happy. This shark has played everyone and won. I'll give it time and see how things go but I'm not hopeful with this owner who probably has generations of relatives to pass our club on to. I can see "we went our Arsenal back" becoming an anthem if the fans turn and I take some comfort that we will empty the stadium if we're pushed too far. I hope I'm wrong but either way we the fans must never forget who we really are and our history. It's even more imperitave now.

 

[Slartibartfast]

I know and that's been my concern all along . Once this is fully up and running will he just loose interest in us ?

Or leave us with big debt having run us into the ground ?

It's all food for thought

He's not going to leave the club with big debt. Kroenke is the one borrowing money, not the club. His interest in the club won't change unless he sells it. It's not like he's hands on anyway. But if his son takes over for Gazidis, that will be that much more reason to want the club to succeed. If in the one-in-a-million chance that he went bankrupt on this, the bank would take over KSE and find new ownership for all his sports teams. That would give the rich dude from Africa an opportunity to step in.

 

[Flying Okapis]

Excellent points. People are freaking out for no reason. While there are certainly legitimate criticisms of Stan Kroenke, just because he hasn't run the club like the Russian mobster (just for Mo) Abramovich or the oil sheiks at City there has been an elaborate conspiracy theory that has developed here. Kroenke may not have grown up kicking a ball around in North London, but the idea that he doesn't care if the club succeeds is silly. He does, even if only for ego and long-term profitability. I would imagine Josh has developed a closer relationship to the club than his dad.

In fact, not having the other Russian mobster as a significant minority shareholder could bring a level of stability in Kroenke's mind that could possibly lead to more investment in the club in the future. So I'm just going to relax and see what happens. Others can tear their hair out if they want. They're only hurting themselves.

Exactly, they are professional people, all this talk of them running us into the ground and ending up a mid table club is ridiculous.

I get the ownership is not oil club level but we will continue to sign players over years, we just signed Auba, Lacazette and extended Özil to a heavy contract which are positive moves, we've made huge backroom improvements, we appear to be on the right track.

This is a lot better than 70/30 split or whatever it was with Kroenke/Usmanov and them not wanting to work together.

 

[dashsnow17]

Can somebody explain how he automatically gets to by other peoples stocks if he buy kronkes ?

In the UK if you own over 90% of shares you can forcibly take over the remaining 10%.