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Billionaire Gets Arsenal Shares!

Billionaire Gets Arsenal Shares!

American billionaire Stan Kroenke has brought ITV's 9.9% stake in Arsenal.

Rumours of a takeover have been in the air around The Grove since Arsenal announced a 'technical partnership' with Stan Kroenke's current 'soccer' team - The Colorado Rapids earlier in the year.

Mr. Kroenke already has several ventures in sports, with stakes in various basketball and ice hockey teams in America.

Rumours weren't helped by Arsenal MD Keith Edleman. When he was asked about the possibility of a takeover he said it wouldn't happen 'at this moment in time.' The fact that the value of Arsenal's shares have rocketed hasn't helped things either.

The American-born businessman also brought a 50% stake in Arsenal Broardband Ltd - taking his spending on Arsenal to around £60Million in just one day!

Some interesting debate has taken place iver on our forum about it, including this from one of our American members Sweep05: 'I actually live in Colorado, USA, where Kroenke lives and owns the Rapids, Nuggets and Avalanche. I am here to say that a potential takeover for Arsenal would actually be a good thing.

I've seen what Kroenke has done here for the local professional teams and if he was to buy Arsenal I've no doubt that he would provide the money to compete with Chelski and Manyoo. Everyone knows Arsenal doesn't buy talent but develops it. If we could combine Kroenke's checkbook and Wenger's development skills, we would be deadly.

It's a shame in football these days that money is often the determining factor in wins and losses but it is what it is, and Kroenke would definitely help us. As for those who would be upset because Kroenke is not English, I ask-what's more important to you - Englishness or winning?

After our loss to Liverpool were you patting yourselves on the back because Arsenal is more 'English' than the Scousers and their American owners or were you pissed that Peter Crouch had scored a ridiculous hat trick and we lost the game? It's about winning, not nationalities-and Kroenke would help us win.'


It would be a nervous time for Arsenal fans if this were to happen. Kroenke clearly loves sports but would he see Arsenal as one of his 'usual' investments or as a pure business oppertunity? With the Highbury square project set to enter a new phase, rumours of a Euro tunnel station being put to use near Arsenal it could be a way for Stan to make a quick buck. Or he could love Arsenal and want to make a sucess of them?

I guess only time will tell so watch this space!

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

Writer:Nick Simmonett
Date:Thursday April 5 2007
Time: 11:49PM

Comments

0
So here it begins :(
Rocky7
05/04/2007 23:53:00
0
yes. nothing to say really except that I do not feel excited at all.
G4L
06/04/2007 00:52:00
0
Guys I don't think there's nothing to worry about here. The current owners have repeatedly stated they do not want to sell the club. Given the ambition to develop the Arsenal brand in the US, it's not illogical for a businessman like Kroenke to invest in Arsenal. I don't think it automatically follows that we are going to be taken over.
Gooner_Vin
06/04/2007 00:56:00
0
im very sad to say this, but if arsenal get taken over by a smelly ceptic, then i am not going to be following this football club anymore. i may as well convert to my local local team, southend united, as they at least have some proper principals and an english based ownership
D4NNYT
06/04/2007 01:22:00
0
Sold to the USA hey..??Shame on you.......Better to sell Henry than your soul..!!
chalky76
06/04/2007 01:22:00
0
Face it the owners just want the money and will probably be willing to sell...so its only time till we here the news of a takeover :(
AB_Arsenal
06/04/2007 02:32:00
0
Gooners, dont be alarmed. Dein will not sell out. He loves this club to much. This will not hurt us. The best laugh of the day came from this line. A Spurs statement last night said: “The club will be working with the appropriate authorities to ascertain the events in Seville. “Our initial report suggests there was no fan-to-fan fighting at any stage in the proceedings. “As such, we are seeking explanations as to why the police reacted in the way they did with our fans.” Simple. They were tired of watch Spuds play football.
themadafrican
06/04/2007 02:38:00
0
It's no surprise really, coz it was only a matter of time before this happened. But lets wait till we pronounce judgment on whether this is good or bad.
prits
06/04/2007 07:00:00
0
Chalky If Arsenal were to be taken over by this investment group it would be no different than when ENIC took over your pile of s*@t just obviously on a grander scale. Hopefully we would not have a chairmain as slimey as Daniel Levy who shafts you lot on a regular basis (Raising next years ticket prices when everybody else is freezing them, insisting the carling cup game at our place was charged at maximum rate) and makes your club look like fools (Writing a letter to try and gain champions league football).
iceman10
06/04/2007 08:15:00
0
The share holders gave themselves a little loophole when they issued their statement about not selling up. The words "at this time" immediately worried me.
Rocky7
06/04/2007 08:53:00
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