Apologies for the long read.
I was rather curious to see how much damage the ownership negotiations at Everton would cost us. As far as I can tell, Farhad Moshiri has sold his 15% equal share to Usmanov, taking the Uzbek beyond the 30% mark.
While many would welcome one less shell company on our books, nothing much has changed. Kroenke's still on 67.02%, Usmanov on 30.07%, with the remaining 2.93% shared among various nominees.
Despite his initial bubbly statements, I've grown cynical about Usmanov's intentions. The new PL ownership rules mean that his 30% holding is pretty useless now, with the original automatic takeover clause having been replaced by a discretionary decision by the PL Takeover Panel.
He'd still be frozen out of the Board, as Kroenke made sure none of them kept any shares. He also hasn't built any meaningful relationships with the staff, and even if he did, none of them have shares. He doesn't even reserve the right to look at the books.
We've always assumed that he was only in it for the money. Looks like he's finally admitted it.
"........I am committed to Arsenal and I will proudly retain my holding as a long-term investment and my family to enjoy and benefit for generations to come. ......"
http://www.dailymail.co.uk/sport/football/article-3466044/Arsenal-shareholder-Alisher-Usmanov-increases-stake-club-30-billionaire-pledges-long-term-investment.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Usmanov goes past 30%
posted on 27/2/16
It's just 49.9%
posted on 27/2/16
Interesting times
posted on 27/2/16
"........I am committed to Arsenal and I will proudly retain my holding as a long-term investment and my family to enjoy and benefit for generations to come. ......"
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Selective quoting by someone who freely admits to doubting Usmanov's intentions?
Seems so.
“I am committed to Arsenal and I will proudly retain my holding as a long-term investment for myself and my family to enjoy and benefit for generations to come. I want the absolute best for Arsenal and am prepared to do whatever is necessary to ensure the success of the club.”
,,is the full quote
posted on 27/2/16
Fair enough.
Remember him wumming the fans with a rights issue, knowing fully well that Kroenke would laugh it out of the room?
Then going on record saying that he's never had any contact with the Americans?
posted on 27/2/16
I would rather us be Russian, than Yank. Lets hope Usmanov's stake keeps getting fatter!
posted on 27/2/16
Hey Usmanov. Just buy the club already why don't ya !!!
posted on 27/2/16
I know it's not how the world works but the fans/supporters association should always be the majority share holders.
posted on 27/2/16
Also, it seems foolhardy to want Usmanov when we really don't need a sugar daddy with a vested interest... we just need to remove the parasites and be run using the money we generate.
posted on 27/2/16
comment by Science (U19684)
posted 2 minutes ago
Also, it seems foolhardy to want Usmanov when we really don't need a sugar daddy with a vested interest... we just need to remove the parasites and be run using the money we generate.
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But where do we start? The board is basically made up of Uncle Stan, Josh and 4 employees, to give it a shred of authenticity.
We're facked if Friar decides to call it in.
posted on 27/2/16
comment by Gillespie Rd. (U18361)
posted 36 minutes ago
comment by Science (U19684)
posted 2 minutes ago
Also, it seems foolhardy to want Usmanov when we really don't need a sugar daddy with a vested interest... we just need to remove the parasites and be run using the money we generate.
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But where do we start? The board is basically made up of Uncle Stan, Josh and 4 employees, to give it a shred of authenticity.
We're facked if Friar decides to call it in.
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It would take a rule change similar to the 50+1 rule in Germany I guess. Like I said it isn't realistic and isn't how the world works (certainly isn't how the Premier League money market works anyway).
I just see people wanting someone like Usmanov as stemming from desperation. We don't need him. We just really don't need Silent Stan either.