Arsenal Takeover Imminent?

[bluemonkey71]

Their 15 year £100 million Emirates deal looks well ropey in the current climate.

 

[fbloke]

Their 15 year £100 million Emirates deal looks well ropey in the current climate.

How long has it got left?

 

[THFC6061]

So this now leaves Tottenham Hotspur as the only top English club in still in the hands of English owners?

 

[fbloke]

Its not going to be as easy as he thought then?

The Arsenal Supporters' Trust has voted not to sell its shares to prospective new owner Stan Kroenke, who has tabled a mandatory offer for full control of the club.

The Trust voted unanimously to reject the offer, which values each share at £11,750, preferring to retain its stake in the club.

An AST spokesman said: "Arsenal is too important to be owned by any one man."

The US businessman now ownssecured more than 62% of the club's shares.

The Arsenal board has recommended all shareholders accept Kroenke's offer but at a meeting of more than 100 AST members, a decision was taken not to relinquish their involvement in the club's ownership structure.

The spokesman added: "The Trust wants to work with Stan Kroenke to keep Arsenal supporters involved in the club's ownership structure.

"The AST and the Arsenal Fanshare scheme will not be selling the shares it owns and urges all supporters to reject this offer.

"In just six months, the Arsenal Fanshare scheme has gained 1,800 members, who have invested £500,000 in Arsenal shares.

"This scheme has been widely praised across the football community and is supported by the Government, who are currently reviewing football's governance structures."

The Trust is not against Kroenke's takeover but their support is strongly dependent on the retention of fan involvement in the ownership of the club.

The supporters were certainly encouraged by Kroenke's confirmation that his takeover bid will not be financed by debt secured against the club.

AST officials met with Arsenal chief executive Ivan Gazidis on Monday and received assurances that Kroenke recognises the importance of a supporters' stake in the club.

 

[blueinsa]

So this now leaves Tottenham Hotspur as the only top English club in still in the hands of English owners?

Still a billionaire though so please don't try to claim some sort of moral high ground here ;-)

 

[fbloke]

So this now leaves Tottenham Hotspur as the only top English club in still in the hands of English owners?

Still a billionaire though so please don't try to claim some sort of moral high ground here ;-)

A tax evading billionaire lets get it right ;-)<br /><br />-- Wed Apr 13, 2011 11:47 am --<br /><br />So it looks like Arsenal are stuck between a rock and a Kroenke?

tariqpanja tariq panja
by DuckerTheTimes
Russian billionaire Alisher Usmanov tells Bloomberg he won't sell his #AFC stake to Kroenke: 'I love Arsenal, that’s why I’m a shareholder.'

Kroenke wont be able to get any more significant shares.

The supporters trust say no, Usminov says no which keeps Kroenke well away from the amount at which he can force the hand of others.

 

[bluemanc]

Pretty soon someone will leak the TRUE arse debt situation,this could be a lomg summer.

 

[ThatBlueGuy]

The sheikh should just buy arsenal, Move all the good players to city and leave then sell them on.
I would cost less than buying their players.

 

[Q8-Blue]

So this now leaves Tottenham Hotspur as the only top English club in still in the hands of English owners?

yep and and look at them heading for mid-table obscurity in the near future.