bluemanc said:Arsenal plunged into civil war as Usmanov blasts chief Kroenke after RVP bombshell
<a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-2169165/Arsenal-crisis-Alisher-Usmanov-attacks-club-open-letter-Robin-van-Persie-snub.html#ixzz1zkWr1BYY" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... z1zkWr1BYY</a>
the Gunners hierarchy have now been questioned in an open letter from Red & White Holdings - which is fronted by Russian billionaire UsmanovRed & White feel Arsenal chief executive Ivan Gazidis has given the impression there is a 'bitter stand-off' between themselves and the hierarchyNow the Arsenal fans know,huge power struggle a £600 million debt that ain't going away & money restricions in place.'These are the financial model, the lack of investment and club's future strategic direction.
At the heart of this is the policy of so-called self-financing.
'The previous decision by the board to fund the building of the Emirates Stadium with long-term debt was, we believe, certainly not about self-financing.
I thought they had nearly paid off the stadium, or had the process in hand? I assume thats the £600M, or have I missed something?bluemanc said:Arsenal plunged into civil war as Usmanov blasts chief Kroenke after RVP bombshell
<a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-2169165/Arsenal-crisis-Alisher-Usmanov-attacks-club-open-letter-Robin-van-Persie-snub.html#ixzz1zkWr1BYY" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... z1zkWr1BYY</a>
the Gunners hierarchy have now been questioned in an open letter from Red & White Holdings - which is fronted by Russian billionaire UsmanovRed & White feel Arsenal chief executive Ivan Gazidis has given the impression there is a 'bitter stand-off' between themselves and the hierarchyNow the Arsenal fans know,huge power struggle a £600 million debt that ain't going away & money restricions in place.'These are the financial model, the lack of investment and club's future strategic direction.
At the heart of this is the policy of so-called self-financing.
'The previous decision by the board to fund the building of the Emirates Stadium with long-term debt was, we believe, certainly not about self-financing.
"Mr Kroenke was sold a vision by the board at a time when the club could be successful without further investment," it reads.
"As a consequence of this policy, which is dressed up as prudent financial planning, it is down to our manager and not the shareholders, to have to deal with the club's tight finances, carry the burden of repaying the stadium debt by selling his best players and having to continue to find cheaper replacements.
"This policy is leading to the loss of our best players, often to main competitors, and even causes the players themselves to question their future at the club and the club's ambitions.
Sound familiar?not sure if true but i'm sure more will folow.So Kroenke took out a loan to buy his Arsenal shares. Who's repaying that loan and the interest on it?
Yup, really exactly what we didn't need right now after RVP's bombshell yesterday. And this is what makes Usmanov a slimy cretin. He's timed it perfectly and for maximum effect seeing as the majority of Arsenal fans are wavering somewhere between anger, hurt and utter despondency. It's all designed to create conflict in the hope that everything will implode and he can swoop in and play the hero by saving the day. No thanks. It's been a horrible 24 hours for Arsenal but I can't even imagine what it would be like if he got got his greasy paws on the club.Mark - TheBlue said:Obvs leaked on purpose. PR war between the rival factions at arse.
I don't like the look of Usmanov either (I'd rank him alongside Shinawatra on the scale of people you don't want to get their grubby hands on your club) but what has Silent Stan done for you exactly? Clearly, like Uncle Malc & Hicks/Gillett he saw a cash cow and borrowed the money to milk it.am41410 said:Yup, really exactly what we didn't need right now after RVP's bombshell yesterday. And this is what makes Usmanov a slimy cretin. He's timed it perfectly and for maximum effect seeing as the majority of Arsenal fans are wavering somewhere between anger, hurt and utter despondency. It's all designed to create conflict in the hope that everything will implode and he can swoop in and play the hero by saving the day. No thanks. It's been a horrible 24 hours for Arsenal but I can't even imagine what it would be like if he got got his greasy paws on the club.Mark - TheBlue said:Obvs leaked on purpose. PR war between the rival factions at arse.