Good morning all.
Reading through the comments section I saw this post.
Former PM Gordon Brown was on Football Focus this morning and he basically ruled out the 50+1 model for the UK game, he backed some of the points I made yesterday on that model, you just can not force billionaire owners to sell their shares, to give up control, to in fact make their shares worthless or at the very least massively devalued. It would even affect the stock market in a big way.
Plus that model has not been a success in Germany, 17 of 23 titles to one team.
I actually saw some of the 50+1 guys suggest that the fans wouldn’t even have to buy the shares, they would just be given majority voting rights – for f. sake I ask you just how self entitled are these people? Well you don’t have to answer that, we all know about Tim Payton, it’s been his view for a very long time that he is the man best placed to run Arsenal and that he should be co-opted on to the board.
Arsenal Values is the slogan the noisy fans have spouted all week, but ask them what these values are, and they can barely string a few words together.
Yesterday Elneny put up a post asking for fans support when things are going poorly for a player, and the replies were filled with guys with the #kroenkeout and #wecaredoyou and most of their responses to Elneny was along the lines of “you useless tw*t get out of my club”, what Arsenal Values are they the guardians of?
We have the Arsenal Value brigade say they don’t want a sugar daddy owner, but almost to a man if you question them about what they do want, its filled with “an owner who cares”, and “an owner with ambition, and of course “an owner who will invest where needed”, and then the real gem, “an owner who listens to the fans”, each and every one of those replies mean “I want a sugar daddy owner who will buy AFC success, but don’t you ever dare suggest I want a sugar daddy”
As ever Eduardo hits some nails on the head.
Now let me be clear, I would love to see the back of Kroenke and his conservative business model but realistically, it’s not happening.
Firstly, he doesn’t care what the fans think and want , to anything near the extent “the fans” think he does. Fans are important to the club but he’s the 100% owner, I’m fairly sure he thinks it’s his club and not theirs.
“The fans” wanted Wenger out, he listened and it has cost him a fortune, I can’t imagine him listening to the same idiots again.
Who is going to buy the club, if he changed his long term, and recently confirmed intention, to stay long term? And how much would it cost to buy the club then invest enough to make us competitive?
“Arsenal are the eighth most valuable club in the world according to a new Forbes report that estimates the worth of Europe’s biggest teams has risen on average 30% over the past two years.
Despite the pandemic and owner Stan Kroenke’s unpopular management of the club, with supporters groups not satisfied by the lack of direct financial investment, they have seen a 23% growth in 24 months with a current value of £2.04bn Forbes say.”
So if Kroenke doesn’t want to sell, and he doesn’t, in order to make seling attractive, a buyer would have to pay a premium that is enough to tempt someone with a huge sports franchise to relinquish one of the jewels in his crown? Another £ billion on top of the £2 billion value? That’s £3 billion already. The city and Chelsea owners has subsidised their clubs to the extent of about £2 billion.It would take similar spending to compete with City, always assuming that they just don’t up the ante from the north of £2200 billion available to them in the overseas development fund of Abu Dhabi.
Ok, so we are looking at a spend of upto £5 billion now, just to hopefully challenge City , United and Chelsea. Where is this billionaire Knight in shining armour coming from?
Let’s look at the new hope, Daniel Ek. We will be generous and say he is worth £3.5 billion. That doesn’t mean he has £3.5 billion in the bank, it means his business is valued at that. So to buy Arsenal (which he could just about do by my calculations, but with nothing left for squad investment) he would either have to sell his massively successful business or borrow against it, with it’s own cost implications. I’m telling you now, it’s not happening.
I’m sorry, but we are going to have to make peace with Kroenke being the owner and hope that he makes some good appointments to run the club better, and also accept our place in the pecking order. That means 5th or 6th should be the reasonable expectations at the start of every season for the foreseeable future. In my opinion all these protest will achieve is making any enjoyment of watching the team, more difficult to get.
Finally, look at the motives of those leading the noisy protests, they either want attention or they will profit financially from the unrest.