At the time when Arsenal was bought by Kronke there was sone discussion about whether he or Usmanov were the preferred buyer amongst fans. Its a subject that comes up from time to time and I thought I would ask again.
The argument at the time was that his other teams suffered periods of decline, I'm sure I remember being told his American Football team ended up bottom of the table at one point, but as they dont have relegation they were still in the league.
Are you still happy it was Kronke who bought the club and not Usmanov? The self sustaining policy was sited as a major reason for that. If memory serves me right, when Kronke bought us he was worth $6bn. He is now worth $10bn. I dont know how much Arsenal has played in that, but its clear he hasnt put money into us while growing richer fast.
I dont come on here often any more, but as the conversation has been had on here before thought I would ask.
Are you still happy Kronke bought Arsenal?
posted on 29/2/20
comment by The Wonky Kronke (U16927)
posted 29 seconds ago
comment by Mason The King Greenwood (U10026)
posted 26 minutes ago
I’m not sure Arsenal using a self sustaining model should be that big a criticism, they should be capable of being successful under that model. It’s the clear lack of planning and an effective strategy to bring success which is holding them back.
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I agree, but the question is why is it being badly implemented? The buck stops with Kronke.
An afterthought on this is that Josh Kronke is now a multi billionaire in his own right I think. Cant find his personal worth with a quick google search though. How much of that has come through Arsenal? People keep saying Stan only takes £3m a year, maybe it goes through Josh instead, probably better for tax purposes.
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Arsenal don't pay dividends.
Kroenke just spent c£700m from his own pocket acquiring the club and giving it a value of c£2Bn.
Kroenke needs that value to remain around that figure which is why he will do anything to get us back to the CL positions.
The idea that Kroenke bought Arsenal to take popcorn money out of Arsenal is beyond stupid.
posted on 29/2/20
That’s the correct question to be asking rather than whether the model itself is the problem. We have the same issue at United. Both clubs are being badly run when you consider their standing as clubs and their resources. Even accounting for money being taken out of the club but both owners, they should be doing better as their resources are larger than many of their rivals.
posted on 29/2/20
comment by Mason The King Greenwood (U10026)
posted 31 seconds ago
That’s the correct question to be asking rather than whether the model itself is the problem. We have the same issue at United. Both clubs are being badly run when you consider their standing as clubs and their resources. Even accounting for money being taken out of the club but both owners, they should be doing better as their resources are larger than many of their rivals.
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Yes. Throwing money at the problem doesn't always work. Man Utd have spent £700m+ on players and coaches since Fergie left. It hasn't bought you closer to the title than us.
You have to develop the club wisely.
We've put in a new structure about a year ago. Its going to take time.
posted on 29/2/20
comment by Jenius99 (U4918)
posted 14 minutes ago
Tbh the idea that somehow any of us have a say in the matter is incredibly stupid.
Sorry to undermine the article.
I had my misgivings when Kroenke first took over the club but since then I don't lay the problems at his feet. We have spent a lot of money and wages on poor players.
Essentially we kept Wenger too long and worse still allowed him to award long contracts on huge wages without CL drop out clauses. These players weren't good enough to qualify for the CL and yet Gazidis and his m8 Wenger thought they deserved 4 and 5 year contracts. We can't get rid of them because buying clubs don't want to risk the wages and we can't pay them off because that counts towards FFP. Which means we can't bring in sufficient quality replace to them. Like it or not it will take time to fix this.
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This doesnt undermine the article at all. And we know Stan doesnt give a rats arsenal about the fans.
The fact remains that the buck stops with Kronke about how the club is run. He's not new to sports club ownership so should have a good understanding of how things work. He has lead the club poorly and put poor people in powerful positions. It all leads back to him.
posted on 29/2/20
comment by The Wonky Kronke (U16927)
posted 11 seconds ago
comment by Jenius99 (U4918)
posted 14 minutes ago
Tbh the idea that somehow any of us have a say in the matter is incredibly stupid.
Sorry to undermine the article.
I had my misgivings when Kroenke first took over the club but since then I don't lay the problems at his feet. We have spent a lot of money and wages on poor players.
Essentially we kept Wenger too long and worse still allowed him to award long contracts on huge wages without CL drop out clauses. These players weren't good enough to qualify for the CL and yet Gazidis and his m8 Wenger thought they deserved 4 and 5 year contracts. We can't get rid of them because buying clubs don't want to risk the wages and we can't pay them off because that counts towards FFP. Which means we can't bring in sufficient quality replace to them. Like it or not it will take time to fix this.
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This doesnt undermine the article at all. And we know Stan doesnt give a rats arsenal about the fans.
The fact remains that the buck stops with Kronke about how the club is run. He's not new to sports club ownership so should have a good understanding of how things work. He has lead the club poorly and put poor people in powerful positions. It all leads back to him.
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I am no Kroenke fan as you can read from my previous articles dating back to when Kroenke actually took over.
However to put the blame on him is silly in this situation. I was actually a shareholder in the late 90s and early 00s so have some insight on what has gone right and wrong on the corporate side.
Essentially Wenger and Gazidis were given carte blanche by Danny Fiszman. Our previous owner and management team. Kroenke just maintained the status quo because they were actually fulfilling the basic requirements. Qualify for the Champions League and challenge for the league title. For example we should have won the title the year Leicester City won it and ended up second. Its amazingly difficult to get rid of a popular and entrenched manager and CEO. After all what were they doing wrong? Some of us, fans could see the issues however.
Kroenke biggest mistake was leaving it too late to fire Wenger and Gazidis. By then the issues had become endemic to the club and required wholesale changes. Thats not only meant new managers. But also new corporate structures. All of that will take time to work.
posted on 29/2/20
The signs don’t look promising for the new structure given transfers and coaching appointments. Which also comes after years of bad decision making at senior level. Based on what we’ve seen thus far I wouldn’t be that hopeful that Arsenal will get back to the very top under Kroenke’s ownership.
posted on 29/2/20
Not if you look at the facts.
Emery and Sven Mislintat were appointed by Gazidis before he resigned and left for Milan.
Sanllehi took full control of the footballing side at the end of 2018 and Edu came in as the technical director in the summer of 2019. Arteta was appointed 2 months ago.
So no one has had time to bed in at the moment.
posted on 29/2/20
comment by Mason The King Greenwood (U10026)
posted 7 minutes ago
The signs don’t look promising for the new structure given transfers and coaching appointments. Which also comes after years of bad decision making at senior level. Based on what we’ve seen thus far I wouldn’t be that hopeful that Arsenal will get back to the very top under Kroenke’s ownership.
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The old Arsenal establishment would have stuck with Emery for much much longer. Especially after he came so close to CL qualification in his very first season.
You get the feeling that we're a bit more ruthless now.
posted on 29/2/20
But these things have been done under Kroenke’s ownership, and Arsenal have gradually got worse. Then there’s the signings, failure to sack Emery sooner and the appointment of Arteta - as well as contract issues - which doesn’t really scream Arsenal are on their way back to the top. All looks like a continuation of the bad things from the previous regime, without the sustained CL qualification.
posted on 29/2/20
We have spent a lot - A LOT - of money since Kroenke took over. We have invested badly though.
I'm not saying he's a good owner, but he's not exactly stopped us from splashing the dough, either. He knows nothing about football, so leaves the footie decisions to the so called experts.