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Arsenal Won't Follow Liverpool

It's internationals week, news is scarce, people are being bored within inches of their lives by mundane, dull and boring football. Time for lazy hacks to fabricate some news.

After Danny Fiszman sold a percentage of his shares, rumblings began occurring here there and everywhere, Gooners began to worry that the club would be sold to the highest bidder.

A few weeks later and share prices rocket amidst rumours that Arsenal football club is up for sale.

With Arsenal's footballing partnership with the Colarado Rapids recently being cemented, the inevitable rumours of the Rapids owner (and Billionaire to boot) Stan Kroenke wanting to buy Arsenal (or at least a stake in the club) have surfaced.

However Mr Kroenke's company have moved swiftly to rubbish these rumours, setting Arsenal hearts at ease, at least for the time being.

Jurgen Mainka, senior director of communications and international business at Colorado Rapids, said: 'At this point, there is no interest or intention from KSE in buying any shares or any pieces of Arsenal Football Club or any club in the English Premier League.'

'There certainly is no substance to these stories and rumours in the media which indeed started when we first announced our commercial relationship with Arsenal Football Club.'

Arsenal Football Club is currently valued at around £700 million (a bit more than the quid Ken Bates paid for Chelsea eh?) and as such would take an Abramovich size bank account to prize the club from the hands of the current owners.

And I for one hope it never happens.

Click here to join in the debate on the club forum.

The Journalist

Writer: Rocky7 Mail feedback, articles or suggestions

Date:Monday March 26 2007

Time: 8:30PM

Your Comments (oldest first)

Change to most recent first
Good to hear! But someone from the Arsenal board should really clarify just to set the fans hearts at ease. At the moment no one really know wether Danny Fitzman will sell his share or not, plus ITV.
Report Abuse
26/03/2007 20:36:00

I'm glad this current rumour has been dismissed, but I don't think it will be too long before another appears.
Report Abuse
26/03/2007 20:41:00

I am quiet uneasy about who is mysteriously buying the clubs shares.
Report Abuse
26/03/2007 20:43:00

Its probably an middle east syndicate !!
Report Abuse
26/03/2007 20:45:00

I have little, scratch that, I have no knowledge what so ever about shares, stocks and such. It would be appreciated of any fans on the forum with a genuie insight into financial dealings could write some kind of report/article about this subject.
Report Abuse
26/03/2007 20:46:00

The shares are unlisted .. Your in the same boat as spurs when the evil Scholar showed up!! Thats all you need to know.. Shares in private ownership are governed by the laws or rules of the privately held company.. But the shareholders can vote to change the rules. IE Your safe unless someone who has a better than 51% stake wants to sell
Report Abuse
26/03/2007 21:00:00

I hate the fact that people come into clubs and run them as businesses instead of football clubs. Some people may argue that a football club is a business but the football should always be the main concern!
Report Abuse
26/03/2007 21:01:00

Is this a joke? Whats the name of your stadium again? Arsenal dont sell out my arse.
Report Abuse
26/03/2007 21:03:00

rocky are you in charge of articles on here??? If so will you please have a look at my attempt! It is my fist try hope you like it! thanks.....
Report Abuse
26/03/2007 21:03:00

Get used to it Dein has been doing this for years
Report Abuse
26/03/2007 21:03:00

The two principle names are Oleg Deripaska, and the DIC. The former now Russia's richest man, the latter a holding and investment company for one of the Princes of Dubai. As I think they already own Emirates Airlines, then they already have a substantial commerical investment. Deripaska would undoubtedly regard it as a place to dump equity offshore as there would be little need for capital investment (bricks and mortar) and the club has a steady and strong cashflow. The DIC interest would be less easy to consider. The reason why Liverpool were attractive was because they were about to develop their infrastructure. As Arsenal have a new ground there is less scope for syngeries with existing business. I don't think Arsenal's shares float freely on the LSE market, but like all takeovers, any bidder once they reached 29.9% could lauch a formal takeover. Different shareholders won't receive the same price - I guess it depends on how desperate each one is - but once a bidder gets to 75% they can unilaterally force the remaining shareholders to accept. It probably won't cost £700m as each shareholder will sell at a different price, and the bid will also have to consider the absorption of the £390m stadium dept. It is likely to result in a bid of £350m-£400m equity plus absorption of debt structured purchase if it ever occured
Report Abuse
26/03/2007 21:13:00

Nozzy - welcome to the year 2007 - not including the one with the billionaire sugar daddy how are the london clubs WITHOUT stadium sponsorship doing financially and/or in the prem?
Report Abuse
26/03/2007 21:13:00

I strongly hope a takeover doesn't happen, but with all of our major shareholders over 60 and a number not really involved in the running of the club, I fear it is a matter of time.
Little Dutch
Report Abuse
26/03/2007 21:15:00

Actually Sir_Harry .. You are wrong on the 29% point. In a privately held company.. Its got to be 51% .. Thats how Scholar got round the Spurs debencher system .. He quietly bought them all up until he could take control .. Then floated us and made mess!!
Report Abuse
26/03/2007 21:19:00

All I know about financial matters is that Stella is £2.10 a pint down my local. But I scincerley hope the club continues down the avenue it is currently on regarding business matters, but as with LD, it's probably only a matter of time :(
Report Abuse
26/03/2007 21:25:00

Well we will all be keeping our fingers crossed that you will all be ok!! And you dont get bought and it is all turned into a massive mess !! But if does go tits up I am sure you will here the cheer from WHL
Report Abuse
26/03/2007 21:30:00

£2.10!!!!! Hell, I'm moving to Yorkshire! A pint of ale is about that much down here!
Little Dutch
Report Abuse
26/03/2007 21:41:00

There's no smoke without fire! But fingers x'ed :) Keep the faith.
Report Abuse
26/03/2007 21:46:00

Well, from what I know, the board members still hold 60% of the shares, which means that even if ITV sell their 9% stake, we still wouldnt be the subject of a takeover !! And they have stated clearly they are holding on for now. What concerns me (and a few others, I suppose) is that we dont know who is buying these shares - is it one person, or several people?
Report Abuse
27/03/2007 07:39:00

Btw Sir_Harry, where did u get those 2 names, and link them to arsenal? As cusop said, arsenal aint listed, so any takeover will not go the same route as ManU. The process will be different. Plus you only need a 25% stake on the arsenal board to have a veto on any decision.
Report Abuse
27/03/2007 07:43:00

what about £3.90 for a bottle of Becks in the Albert Hall? £7.80 for "slightly over" a pint anyone?
Jacky B
Report Abuse
27/03/2007 09:08:00

Think expensive....think Paul Robinson's food bill.
Report Abuse
27/03/2007 09:44:00

Yes but hatespur, suggesting Robbo likes to partake of the Ginsters is abusive... Do any Spurs fans get offended of find it offensive when Robbo is called 'fat'?
Report Abuse
27/03/2007 10:32:00

Only one probably. I must be honest though Andy, it worries me not. Let them sue, the judge will take one look at Big Fat Robbo and throw the case out.
Report Abuse
27/03/2007 10:49:00

The russian rumour, Abromivichs mate, is because he owns a box at the Grove and supposedly competes with Roman about who is richer and has the cooler play things all the time, like a running contest (they have been building yacht after yacht for years because every time one of them builds a huge one, the other starts building one even bigger). He is supposedly a bit *****ed at Roman lately though, cos he got Putin to pass some law allowing him a monopoly on Aluminium exports shutting this fella out so now he wants to out do him in football. The DIC rumour is just cos they failed with the scousers.
Ozi Gooner
Report Abuse
27/03/2007 12:02:00

Report Abuse
27/03/2007 17:20:00

So Madmick if you're the the greatest club in the world with your two European cups, what does that make Liverpool with our 6....oh sorry I forgot we've not won it yet this year, we will but just not yet, so make that 5 European cups and 18 league titles!!!!! Sorry Gooners, I'm a Liverpool fan and I couldn't resist replying to he seemed like a bit of a *****.
Report Abuse
27/03/2007 17:42:00

You may have won 5 and we have only won 2(so far) but at least when we go to a European final the cemetery is not full of our apposing fans afterwards!!!
Report Abuse
27/03/2007 17:54:00

Madmick ,you're a ****.
Report Abuse
27/03/2007 20:47:00

that's what I love about Vital Arsenal... it's a bright and inclusive place with good writers, good debate, and good fans which happily draws in 'enemy' fans for heated discussions, and the occasional di*khead as above.
Report Abuse
28/03/2007 10:55:00

ANDY, i agree with your comment, what a t*sser you are madmick, do your knuckles drag on the ground when you walk.?
weeman john
Report Abuse
28/03/2007 11:20:00

Hey Andy, but you gotta agree that the occassional di*khead as above is good for a few laughs :).
Report Abuse
28/03/2007 13:03:00

It'll be george graham, he's at a loose end at the moment
Report Abuse
28/03/2007 13:48:00

Noooo my dream of owning Arsenal is disappearing faster than a Sp*rs fans title hopes and i was only £699,999,999 away from being able to purchase it :(
Report Abuse
28/03/2007 15:21:00

there are always going to be rumours what do you expect its just another slow news day, everton could do with some funding bill kenwright is skint, russian billionaires this way please
Report Abuse
28/03/2007 18:48:00

the only problem is arsenal shares is not very liquid but it gets snapped up whenever it is made available and we have no idea as to the identity of the actual buyer. Looking at the arsenal books, the board holds about 70% of the shares, Granada with about 10% leaving another 20% of the shares out there with no visable identity.
Report Abuse
29/03/2007 10:43:00

the that the French gov. ?
Blue is the colour
Report Abuse
30/03/2007 10:16:00


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