If there was ever a footballing topic that shows journalists up as ill informed and out of the loop it is the situation at Arsenal.
On Sky this morning the 4 journalists (all apparently well connected and at the top of their profession) blindly agreed with the idea will now spend big because they are owned by a Billionaire, Stan Kroenke.
The fact is plain that they are not now 'owned' by a billionaire and they are unlikely to spend big until they are.
They have a majority shareholder, Stan Kroenke who is highly unlikely to pump millions and millions of his own money in the club before he owns the whole club, as it simply enriches the other shareholders.
Until he owns 100% of Arsenal he wont invest unless it is agreed with the other board members that it is in the form of debt to the club.
And with FFPR around the corner are they likely to do that?
Arsenal are NOT owned by a billionaire and they are not going to spend big this summer until they are 100% owned by one person.
Rant over.
On Sky this morning the 4 journalists (all apparently well connected and at the top of their profession) blindly agreed with the idea will now spend big because they are owned by a Billionaire, Stan Kroenke.
The fact is plain that they are not now 'owned' by a billionaire and they are unlikely to spend big until they are.
They have a majority shareholder, Stan Kroenke who is highly unlikely to pump millions and millions of his own money in the club before he owns the whole club, as it simply enriches the other shareholders.
Until he owns 100% of Arsenal he wont invest unless it is agreed with the other board members that it is in the form of debt to the club.
And with FFPR around the corner are they likely to do that?
Arsenal are NOT owned by a billionaire and they are not going to spend big this summer until they are 100% owned by one person.
Rant over.