Kroenke Must Go For the Sake of Arsenal

In May of 2011, a sort of palace coup was engineered at the Emirates with the two remaining substantial shareholdings of Danny Fiszman and Lady Nina Bracewell-Smith going to Stan Kroenke and in effect Kroenke was anointed the new “emperor” of Arsenal Football Club.  Except the Russian billionaire Alisher Usmanov refused to play ball and increased his holding in the club too!

Usmanov’s holding of just under 30% is a nuisance to Kroenke as this prevents him from passing special resolutions and doing whatever he wants with the club.  The Russian’s shareholding should entitle him to a seat or two on the board of the club, but such is the animosity towards Usmanov from the club’s old hierarchy that they would rather the club collapsed before affording this courtesy.

So where does this leave Arsenal? Kroenke has wealth, but the sort that will result in him writing blank cheques for an Arsenal manager to spend on players.  Kroenke has many sporting interests in America which means he will not get involved in the day to day running of the club nor will he sanction major transfers.  In effect Kroenke is running the club by remote, by Skype!  This at a time when Arsenal’s position as a top 7 club is being threatened.  Whilst other clubs have active hands-on owners / chairmen, Arsenal is being run like a major corporation with budgets set for wages and transfers, and regardless of the change in circumstances we will keep to those budgets.

Football is not like a “normal” business.  Unless a club spends big in the transfer market  it will not attract top players and without top players trophies cease to arrive.  Take a look at Wenger’s early years, top players came to the club, not top potential, top players and trophies followed, now look at the last 6 years, we have brought in potential every year and with that we have achieved nothing.  The model needs to change, but the board are powerless to authorise a change in this model as the owner is happy with our financial results!

The club is at a major crossroads and the ownership of the club will determine whether we enter many more years of trophyless seasons or the trophies and top players start to come back.  The continued ownership of Kroenke will see Wenger rule the roost at the Emirates, a frugal approach to the transfer window and many promises of potential followed by seasons of disappointment.  This in effect is the ghost of Arsenal seasons to come, but these can be changed.  Kroenke can sell his stake to Usmanov in the summer for a very good profit and then we enter into a completely new ball game.

Whether David Dein re-joins the board is another matter, but Usmanov will not only give Wenger a very  large transfer budget, he will insist that he uses it.  Usmanov will explain to Wenger that the club  needs to win trophies and if that means breaking the bank to bring in top players like Goetze or Hazard, then we MUST do this.  He will also explain to Wenger that UEFA Financial Fair Play rules are null and void.  There are too many big clubs, Real Madrid, Barcelona, Manchester City, Manchester United, Chelsea and PSG too name but a few who are too big for UEFA to take any sanctions against.  In no uncertain terms Wenger will be told to spend to win trophies, for 6 season operation youth development has failed, and now is the time for change.

These are the options faced by our club, more of the same under Kroenke or a dash for gold under Usmanov.

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Posted on January 18, 2012, in Arsenal, Arsenal News, Arsenal Ownership and tagged , , , . Bookmark the permalink. 8 Comments.

  1. If under usmanov,arsenal will bounce back,that could be better to hand everything over to him,kroenke is only interested in returns,he is not bothered about our trophiless seasons,besides the pride of any big club is trophy,we fans are running out of patience,we need trophy,not returns,usmanov should please take over,cos he has the ability to spend.

  2. If his departure si what will save the club then he has delayed. Certainly arsenal as a club is bigger than any individual and can survival without any individual

  3. I like the idea of usmanov taking over he can put the smiles back on faces

  4. wenger, Krock and the board is spoiling our dear club! period

  5. I love the colume , its well written and not far from the truth , we will sink soon unless the american leaves the club and Usmanov takes over with Deins back in the reins ..

  6. am a gunner faithful & i’v been following this club since 18 years now.I wonder what went wrong with arsenal board because when the head is bad the body too will be affected,when operation youth development is not yielding good fruit for both the club & fans because they find it difficult to retain them then,they should change to something that will benefit the club financially & at the same time make the fans happy instead embarking on policy that is not working.We are tired of failed promises,we want result,winning trophy year in year out is what we are used to in this club.our trust in you is beginning to shaking,do something fast

  7. The problem you have not answered is the fact that while the shares and dividend are high (and they are) Silent Stan just rakes in profit. So why should he sell to the Russian. He does not need a large gold cash pot, Highly taxable when a steady stream of income is comfortable.

    • northbanklegend

      Shropshire Lad, Arsenal do not pay out any dividends, unless that changes, and when it does the fans should go mad, Kroenke is not receiving any income. Selling to Usmanov will give him cash

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