The end of Arsenal football club

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So here we are people, the end of Arsenal football club as we know it. Silent Stan Kroenke, the evilest man to walk a sports arena, has finally won out. He’s part way to driving out the white knight, Alisher Usmanov, for a whopping £600m buyout of his stake.

This is a dark day for Arsenal.

I mean, kind of.

This dramatic notion that the world is caving in because Stan K is buying up the rest of Arsenal is a little far-fetched. The morbid picture that has been painted is based on a lot of worst case scenarios.

Sure, there could be less transparency around the club, but at the same time, you have to remember a lot of the fan interaction items that were put on were out of generosity, versus some sort of legal obligation. Our family has a share, I went to most of the AGMs before I moved to America, let’s not pretend for a  second you extracted any sort of real insight from those days out. Sir Chips or Peter Hillwood would usually insult the intelligence of the peasant folk, Ivan would tell us not to believe our lying eyes, and Stan would rarely say anything. It wasn’t true governance because the fans had no real power. Not just that, Arsenal offered up additional seats for people at various fan groups because they were being nice. The club has always pushed to be as open as possible. Ivan G has sat through a lot of fan Q&As, the club has opened up its facilities for meet and greets with the staff, we have a lot of access.

I appreciate there’s a lot of love for fans owning a stake. The romantic scenes in Germany and at some clubs in Spain where the fans own the clubs in some way tugs at the heart strings. Representation at board level is a beautiful thing, and there’s no doubt that the good folk at the AST, Red Action, Black Scarf and AISA have done a lot of good in driving fan agenda items like flags at games, ticket price freezes, safe standing, and pushing Wenger to take the League Cup a little more seriously. All marvellous things.

I don’t think those things suddenly go away. If a new CEO comes in, hopefully from another football club, do you think their first move is going to be to cut fans out? I doubt it. We’re important. Why do you think Ivan has been so keen to make the transformation at Arsenal about him? He reads the internet, he hears your hot takes from you at Waitrose, he wants fans in the stadium to shout things like, ‘bloody good transition old boy’, not, ‘HOW DID YOU FUCK UP ALONSO YOU STUPID MUG HE WAS IN THE CAR.’

Usmanov stands to make a heck of a profit, there’s a lot of sadness David Dein (Arsenal’s David Cameron) jumped the gun with Kroenke, because everything would have looked a whole lot more Chelsea right now. Again though, let’s not pretend he was always the favoured oligarch to takeover. David Dein sold out in the hope of leading the club, he managed to get himself fired in the process, then flogged his shares to Usmanov in the hope that Red&White holdings would do something to elevate the club and give the manager the transfer fees he needed.

He was pilloried for that. The fans, the blogs, everyone was against a businessman that apparently did something to someone where a vat of acid was involved. Everyone hated the fact a nasty Uzbek was coming to the party. We liked the cute cowboy hat and understated humbleness of Stan K. We liked the one who ran a ‘proper’ business. Years later, we realised Stan knew how to run a business (a real estate business), but one that lacked any sort of a ambition to dominate.

The biggest disappointment about how folk like David Dein, Danny Fizsman and Nina B sold the club out, is that they moved it on to a company that looked at incremental growth over a 20 years period. Stan K makes his money with the looooooong bets. He’ll invest in property where he knows a big Walmart is going and sit on that property in the hope it blows up over the 20-year stretch. He’s not wolf on wall street. He’s not about the quick buck.

Arsenal for him has been a quite incredible investment. His original purchase of the club, when all the blocks are added sits at about £424m. The club has gone from tinpot entity at Highbury, to £1.8b monster if he buys out Alisher. He doesn’t get returns like that anywhere else. Arsenal is the equivalent of striking oil on one of his ranches 200 years ago. We are the absolute GEM for him.

So what are the main concerns?

Well, he’s taking a loan out to buy out the remaining 30%. How does he pay for that loan? It certainly won’t be out of his own pocket. He can’t do a leveraged buyout like the Glazers dropped on United (take out a loan on the club to buy the club, then use the fans to pay and club profit to pay it off), but he has a number of options to pay it off, and now he has an opaque setup he can hide the details in. His Delaware dealings, well covered by the excellent Matt Scott over the years, are murkier than a night out with Jermaine Pennant.

Putting that to one side, not a lot changes.

For you, as a fan, we’ll still be a club that’s run sensibly. We’re never going to behave aggressively in the transfer market. We’re never going to break FFP rules. The club has been built to operate under its own steam and I’d imagine that’s what it’ll do moving forward. Arsenal is boring, but remember, we’re a club that can offer up a lot of steam. We generate massive match day receipts, our commercials are moving in the right direction, and there’s huge potential at the club.

My hope is if Stan has learnt anything over the last few years, it’s that neglecting a Premier League football club by not investing in capable talent is a sure fire way to lose money on your bottom line. I know the top folk at Arsenal are embarrassed they’re not in th CL. That’s a big deal. I’m hoping that Stan is realizing first hand that running a football club is not like running a franchise. The fans are crazier, the cost of being shite is greater, the difficulty getting back to the top is harder, and not investing cash in players is elite players is an absolute fools game with a market so flush with money.

Look at the positives. We’re all happy with the backroom hires. We’re all happy with the reshaping of the squad. We’re all happy with the general direction of the club.

Stan owning another 30% makes no difference to that direction. It’s just a feelings thing. It’s just a ‘what could happen’ panic button everyone is pushing. For me, you can worry about the implications of the ‘what if’ when you’re watching the institutions of democracy being attacked. You never know who is coming in next and it’s a constant rotation of power. Stan K is going to be here for 30 more years. We’re going to be the most consistently run outfit in world sport, it’ll just be dull.

So let’s not be dramatic. Arsenal is the star in Stan’s portfolio. For him to grow that star, he has to have a competitive team. For all the major owners to move TV revenue to the next level, they have to continue to invest in the product. We’ve been doing that, our wages bill is £200m+ and we were the 3rd highest net spender in the league over the last 5 years and we’ve outspent Madrid from a net perspective since 2010. Stan needs a competitive Arsenal, so nothing is going to change on that front, the club will move on without Alisher, it’ll move on without Gazidis who has chosen to ply his trade with Milan, and it’ll move on without fans being literally invested in the club.

It’s a bland set of circumstances, but let’s not kid ourselves anyone has the best option. No ownership of a football club is romantic or ideal. Every club comes with its visa issues. Our biggest worry is that Stan is a bit boring. But overall, bar the love-in for Wenger that went on far too long, the club is pretty well run and it’s moving in the right direction.

It’s a sad day for shareholders who have to sell up, but it’s also a massive payday for them.

Stan is a safe businessman, and he’ll always be that way. The only way Arsenal make it moving forward is having the best football staff in the game, working budgets harder, and working our players smarter than anyone else.

It’s always been a struggle being an Arsenal fan, and it always will be. Let’s just enjoy the ride. x

475 Responses to “The end of Arsenal football club”

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  1. DaleDaGooner

    Ishola70August 7, 2018 16:08:30
    DaleDaGooner
    “look closely at his sports “portfolios” see where they stand in their different leagues.”What do you want him to do Dale? Invest his own money?The decision was made a long time ago by Arsenal that they did not want that type of owner. Usmanov no thank you they said.And fans were shamelessly singing the same tune. Be funded from outside like Chelsea? No thank you they said.

    It’s not about using his own funds, but there’s something very average about his ownership style. The NFL is a level league in terms of profit sharing, so is the NBA, and there’s nothing exciting about his teams!

  2. Champagne charlie

    “Asking Stan to invest his own cash and make us dependent on him seems like a childish dream.“

    Who’s doing this? It’s exaggerated nonsense.

    – Stan could’ve put the brakes on us having to sell a major player each season

    – he could’ve been outspoken in his ambitions each season and given an appraisal of the past season

    – he could’ve taken positive action with recruitment knowing the inner workings of the club unlike any fan

    – he could’ve held Wenger accountable and not extended the clear malaise

    – he could’ve reached an agreement with Usmanov 6 months ago and not with three days of the summer window left.

    I don’t care about the personal/humanitarian angle you’re peddling in jest. As far as football goes he’s fucking myopic, and here’s no evidence that’s about to change. I think trepidation is a more than fair state to be in. The doom and gloom is hyperbolic, but what’s very real is the feeling a useless majority owner is about to have the whole lot.

  3. Emiratesstroller

    Pedro

    I do not think that Kronke will go mad and pump huge sums of money in the
    transfer market. He is by reputation a solid businessman.

    However, the hand break on our transfer business is more likely to be removed now that he owns rather than controls business.

    Whether he does so remains to be seen.

  4. DaleDaGooner

    – he could’ve reached an agreement with Usmanov 6 months ago and not with three days of the summer window left.

    THIS! I log on the internet to see if we’re selling players or buying a super star…instead it’s all about owner Billionaire owner satisfying his greedy needs to place Arsenal fully in his “sports portfolio”

  5. englandsbest

    Pedro

    No, Stan could not do whatever he wanted with the Club last week. I have already given as examples leverage of a debt of £557m and (however unlikely) moving Arsenal into his new LA stadium.

    A Q&A in the Daily Telegraph lists several others. And no doubt Stan has more up his sleeve.

    Yes, AFC has spent money on ground improvement, training facilities (which has increased the value of the Club) as expenses, rather than pay money away on taxes. Good business practice.

    Yes, Stan has adopted a ‘hands-off’ approach thus far, but he certainly imposed strict financial parameters. And it’s likely to be much more ‘hands-on’ if Ivan leaves, replaced by Josh.

  6. gambon

    Dale

    At the same age, Ousmane Dembele played 18 games for Rennes Reserve team. Nelson won U23 player of the season.

    Dembeles big breakthrough season was when he was 18/19……..exactly what Nelson is this season.

    I’ll say again, what exactly are you expecting from an 18 year old?

  7. Olumide

    DaleDaGooner
    How many clubs in Europe has a player like mbappe?
    Yeah Nketiah had hunger in preseason. As if hunger leads to points. I’m not saying Nketiah is crap but he hasn’t shown anything better than Nelson.
    Nelson had more impact with his assist against Chelsea.

  8. Emiratesstroller

    The timing of the sale to Kroenke was not dependent on him but on Usmanov.
    Usmanov until recently gave no indication that he was prepared to sell his shares..

    One thing is for sure Kroenke is 100% committed to Arsenal. Can you honestly
    say that Usmanov had the same feeling?

    How long will it be before Usmanov becomes the major shareholder in Everton?

  9. DaleDaGooner

    OlumideAugust 7, 2018 16:15:33
    DaleDaGooner
    How many clubs in Europe has a player like mbappe?
    Yeah Nketiah had hunger in preseason. As if hunger leads to points. I’m not saying Nketiah is crap but he hasn’t shown anything better than Nelson.
    Nelson had more impact with his assist against Chelsea.

    And Nketiah only scored a couple of goals in crunch time last season….

  10. Cesc Appeal

    I wonder if Pogba potentially moving to Barcelona will set off a chain with him going there, Dembele going to Arsenal and Milinkovic Savic going to United?

    One can dream.

  11. DaleDaGooner

    I’m comparing Nelson to Odoi…if i’m being blunt….that kid outshown our own Nelson on the same platform…he didn’t even seem like raising his game seeing what Hudson-Odoi was doing…

  12. gambon

    Good point Dale,

    Nelson isnt as good as the best teenager in 20 years, therefore he is absolute shit.

    In other news, my car isnt a Rolls Royce, so it must be absolute crap.

  13. Pedro

    Charlie, Usmanov was a faux comfort blanket.

    Could Stan have been more ambitious? Sure. I’m not arguing that. All I’m saying is I like the direction we’re heading and nothing has changed since yesterday bar the symbolic shift of shares from a neutered minority shareholder

  14. Ben D

    Good, balanced post. Forgive me if this comes across as ignorant, but I struggle with the net spend argument. Isn’t the quality of assets you had at the reference point a really important element?

    If I owned lots of assets and you didn’t and I started selling expensive ones every year to fund my spending whilst you had nothing to sell, then using our net spends as a data point is rather misleading isn’t it?

    I would say our net spend is bigger than some because of sales like Bale, Ronaldo etc.

    Am I completely missing the point?

  15. gambon

    The AKBs are all still so unbelievably rattled by Wenger getting sacked.

    They now spend all day just arguing about anything they can find to argue about.

    The pain is real.

  16. DaleDaGooner

    Nelson isnt as good as the best teenager in 20 years, therefore he is absolute shit.

    Ah, you fatso! I haven’t said Nelson is shit, I did say i like him a lot, and like a dad (figuratively) i want to see him play like he is meant to be in the team.

  17. Olumide

    DaleDaGooner
    “I’m comparing Nelson to Odoi…if i’m being blunt….that kid outshown our own Nelson on the same platform…he didn’t even seem like raising his game seeing what Hudson-Odoi was doing…”
    How did he outshine him? With his runs or his One-to-one miss?
    In that same game, Nelson assisted Lacazzete and we won the game. I would take that.

  18. DaleDaGooner

    How did he outshine him? With his runs or his One-to-one miss?
    In that same game, Nelson assisted Lacazzete and we won the game. I would take that.

    Yeah, one bit of good thing he did, all i’m saying is he needs to inject his game with a bit of hunger and desire to shed that number 45 or whatever number he’s been giving, he can offer a whole lot more that is missing in this current team…18 or not.

  19. DaleDaGooner

    gambon said best teenager in 20 years….let’s forget that Sterling was extremely promising at 18 in England…even though he isn’t that good.

  20. Vintage Gun

    “There are some rumours from Spain that Arsenal want to give Barcelona £9 Million for a Dembele loan now with an obligation to buy at around £80 Million for next summer”

    GET IN!!!

    Sorry about that outburst lads, i should know better after all these years.

    Fuck it…. GET IN!!!

  21. azed

    I would say our net spend is bigger than some because of sales like Bale, Ronaldo etc.
    Am I completely missing the point?

    In business, you have to speculate to accumulate, in football, your assets are players so while Wenger was penny pinching and trying to play smart by signing and over playing players, others like Madrid were signing big name players.

  22. Champagne charlie

    Pedro

    Do you not sit and wonder what now though?

    We all drew up a managerial candidate this summer and spoke about who or what represents a good person for the job.

    Apply that to our owner and would anyone look at Kroenke as a good option for sole ownership had the spot been vacant and he’d had this same tenure at another club before coming here? Don’t see it.

    Footballingly he’s offered next to zero, idk how him now having carte blanche is merely symbolic. You’ve grossly oversold the progress we’ve made this summer (and this is from a guy who appreciates the strides we’ve taken), I think this move halts any good vibe and throws a cloud of uncertainty our way that absolutely wasn’t needed.

  23. TR7

    ‘You’ve grossly oversold the progress we’ve made this summer (and this is from a guy who appreciates the strides we’ve taken), I think this move halts any good vibe and throws a cloud of uncertainty our way that absolutely wasn’t needed.’

    Totally agree with this

  24. Radio Raheem

    For Arsenal, only one teenager has impressed enough to stir debate this pre-season: Guendouzi.
    Don’t think any other teenager is worth talking about. It’ll be meaningless hype.

  25. alexanderhenry

    Pedro

    It’s not that simple. There were checks on Kroenke while other shareholders existed. Those checks have now been removed.
    If Stan gave the impression that he was genuinely committed to arsenal’s success, it wouldn’t matter, but he hasn’t.

  26. Pedro

    CC, we’ll see on the progress. I think that’s aggressive to say I’ve oversold. I’m positive about what we’ve done, I think we’ll make big strides simply by having a competent manager, but I’m fully aware that we’re not taking the title

  27. DaleDaGooner

    For Arsenal, only one teenager has impressed enough to stir debate this pre-season: Guendouzi.
    Don’t think any other teenager is worth talking about. It’ll be meaningless hype.

    I agree! Except, I don’t even see him as a teenager anymore, he plays miles above the requirement…at 19

    But gambon would have us think i wanted Mbappe like numbers from Nelson.

  28. Radio Raheem

    I think most on here hold the view that Guendouzi should start agiant City on Sunday.

    Question is will he be starting of any of the 5 teams that finished above us last season? In a nutshell that tells you where we’ll be finishing come the end of the season.

  29. Emiratesstroller

    Alexander Henry

    There may have been checks on what the club was doing, but the reality is that
    Usmanov and other minor shareholders such as AST had little or no say in how the club was run. That was blindingly obvious at AGMs.

    Kroenke will own 100% of the club and his responsibility to run it properly is
    up to him. You don’t invest £1.8 billion in the business to run it down.

    As I said the handbrake is now off and if Kroenke wants to make the football club a success [not just the business] he will need to spend money better on
    transfers.

    Until now the club’s transfer business over last decade was fairly mediocre to
    say the least.

  30. Champagne charlie

    Pedro

    I agree wholly that Emery will do bits compared to recent seasons inputs, but you waxed lyrical earlier and it was ott imo. The garden ain’t THAT rosey although steps are being taken.

    As Alex points out, the sole ownership thing isn’t really the sticking point (at least not for me). It’s whether Stan is the right sort to have that responsibility, and it’s this ive not been convinced of over the past decade which says a great deal.

    Yea sure, time will tell and who knows etc. But Stan taking full charge doesn’t excite me, it makes me cautious and pessimistic given our middling meh of nothing since his inception proper. If he comes in and goes full ‘Arsenal are my baby’ then good on him, but he’s not let on any of that.

  31. Guns of SF

    No one really knows what Stan has in mind for Arsenal.
    He says nothing. Does nothing.
    I feel we are a bank asset for more loans for his other teams, ranches etc.
    1 Billion buys you a lot of credit at the end of the day for whatever you want to do

  32. raptora

    “Good, balanced post. Forgive me if this comes across as ignorant, but I struggle with the net spend argument. Isn’t the quality of assets you had at the reference point a really important element? If I owned lots of assets and you didn’t and I started selling expensive ones every year to fund my spending whilst you had nothing to sell, then using our net spends as a data point is rather misleading isn’t it?”

    Well Liverpool have made over a 100m pounds NET profit on Coutinho’s sale. What has stopped Wenger of producing stars like he did in his earlier period, he’s even had more money than ever before. If he was to produce several world class stars in his last 7-8 years, he’d get all the money from the sale and would have a lot of dosh to improve the squad ala Liverpool this year. They have Firmino and especially Salah and Mane that are worth mad money at the moment. Wenger stopped improving players so we were stuck with buying expensive players that stale or regress under him. If the manager/scout’s work is paying off then you’ll earn yourself the more dosh that you can spend as you wish. So there is no way we count the NET spend in any other way than we do.

  33. Guns of SF

    I think more and more of us feel that we have become an asset versus a sporting entity with the love and support of an owner that feel like the fans.

    I think with Usmanov we got the feeling he would shake the club up, put his $$ into it, and make us competitive.

    Stan is a ghost.

    The man just got richer like crazy— lets see if he spends that cheddar on Dembele!

  34. Receding Hairline

    “Question is will he be starting of any of the 5 teams that finished above us last season? In a nutshell that tells you where we’ll be finishing come the end of the season.”

    No it doesn’t tell us anything

  35. Marko

    Stan could’ve put the brakes on us having to sell a major player each season

    He’s not a football man he wouldn’t know a major player to a turd if you asked him. How about oh I don’t know blaming Wenger for selling our star players.

    he could’ve taken positive action with recruitment knowing the inner workings of the club unlike any fan

    Again he’s not a football man and I doubt he has got a clue how to run a football club so again how about blaming the people who were running the football club. It’s pretty clear once we were out of the champions league for successive years and losing money he then stepped in.

  36. Guns of SF

    Kinda wish Usmanov held on for at least this season. We crack top 4, get competitive again, then his shares price goes up….

    Wenger and the loss of CL made us cheaper value- here comes Stan!

    Usmanov took a loss selling to Stan right???

  37. englandsbest

    Pedro

    I am more on team humane

    Understandably you are scratching around trying to find reasons to be hopeful about Stan. You’re an optimist, like me. A little voice whispers in our ear, ‘He may change, he may change’.

    I have no doubt the Rams fans in St Louis listened to the same voice. Didn’t do them any good.

    And probably on his Texas estate the people who haven’t yet been thrown off properties they have lived in for years are hearing the voice, too. Won’t do them much good either.

    This is what happens when you feel helpless. You hope for the best.

    Well, it’s my belief we were never helpless, not with you-know-who and not with Stan. Ultimately power lies with us fans.

    Stay away and we win the day

    The little voice whispers, ‘Give the guy a chance,’

    Okay, but when he de-lists the Club (which he will), Arsenal become a black hole somewhere in Delaware. How will we know what he is up to?

    Which is why the fans should become proactive and, as a start, form an Association of Season Ticket Holders, and lay down the red lines that he must not cross.

  38. raptora

    Would be interesting how would you rate Emery compared to the other 5 managers in top 6?

    Pep should be the winner because of what he did with the same money that Mourinho spent but failed miserably.
    Now between Poch, Klopp and Sarri there might not be much. I rate Poch higher than Klopp and have no opinion on Sarri yet.

  39. champagne charlie

    Marko

    If you’re going to try and argue for Kroenke by using ridiculous ideas about him knowing nothing about football i’m just going to keep replying with these..

    😀

  40. champagne charlie

    Receding

    You really think 10 mil down and 80 next year is such a crazy deal to pull off? I don’t personally. Think we could leverage that in the next 48 hours.

  41. Marko

    If you’re going to try and argue for Kroenke by using ridiculous ideas about him knowing nothing about football i’m just going to keep replying with these..

    I think if you showed him a picture of Ousmane Dembele and a picture of Dave Chappelle as Rick James he wouldn’t know the difference. I think if you’re trying to sell me the idea that he’s to blame for selling Nasri or Van Persie to United and for us buying shite ever the years like Andre Santos and Park Chu Young you’d honestly have better luck trying to sell me magic beans

  42. gambon

    Receding

    Runours Dembele doesnt get on with the management at Barca.

    They are also on the hook for £30+m in extra payments if he stays and plays.

    They may also find £80m useful to invest in the team.

  43. Terraloon

    There are whole bundle of things Kronke could do behind the scenes at Arsenal if he indeed gets ownership but one thing he can’t do is move as Arsenal away from England.
    It would be highly unlikely that he would be able to move Arsenal to a ground even outside London and even then its highly debatable if other than a short term groundshare move into the catchment area of any other London or indeed any league clubs turf would be allowed following the MK Dons fiasco
    What is possible is that he gets the green light to set up an NFL franchise in London and in reality he is far better placed to facilitate that than the Fulham owner or indeed Spurs
    People go on about the City and Chelsea owners pumping millions into their clubs and yes they have but Kronke is no different in that sense he has pumped money in the only difference is that at the likes of Chelsea and City it has brought untold success on the pitch whereas at Arsenal all its done is pay vast sums to previous shareholders

  44. Marko

    Wenger and the loss of CL made us cheaper value- here comes Stan

    The shares cost more now than they did 6 months ago

  45. champagne charlie

    Marko
    Im selling you nothing, you’re daft as a brush when it comes to this sort of thing.

    Receding
    Barca will profit on him and get shot of a player that doesn’t want to be there, so they can invest elsewhere. Standard practice really, Malcom already slots in his place and they can go after others ie Pogba

  46. azed

    “Why would Barcelona be in such a hurry to sell him?”

    The Coach might not rate him.
    They’ve bought his replacement in Malcom.

    Not many clubs can afford to have 90M on the bench.

    Valverde prefers the 4-4-2 formation and we know the 2 up top. For the 4 in midfield, there’s Busquets, Rakitic, Coutinho, Vidal, Athur, Malcom, Dembele plus the others they don’t want (Gomez et al).

    Coutinho, Vidal, Athur and Malcom are new
    Busquets, Rakitic aren’t going anywhere so that leaves Dembele as the odd man out.

  47. UTarse

    It’s not often I agree with Charlie’s comments but this one hits the nail on the head.

    “As Alex points out, the sole ownership thing isn’t really the sticking point (at least not for me). It’s whether Stan is the right sort to have that responsibility, and it’s this ive not been convinced of over the past decade which says a great deal.

  48. Receding Hairline

    Gambon

    I will wait and see on that.

    Just read on twitter ( @Arsenic) that Unai Emery is not convinced by the defense. He does not rate Mustafi and Holding and does not believe Mavropanos is ready for the premier league on a weekly basis. Two things worrying about this

    1. Why conclude on this now two days to the transfer deadline

    2. id Vida the answer? I say no

    By the way they are also saying we have no money for the Vida signing except we sell players and we are having trouble doing that

  49. Guns of SF

    I do hope we get Demebele

    Our team has done a good deal of unsettling him this summer. Lets just hope its been enough to have him ask for a transfer.

    Stan is richer than F
    Cough up the loan money with option to buy
    or offer installments on the 100M

  50. Marko

    Where did you get the info that the shares cost more now than 6 mons ago?

    He bid for them 6 months ago apparently

  51. UTarse

    Guns of SF,
    “Usmanov took a loss selling to Stan right???”

    He has made circa £335mm profit on his sale of shares.

  52. TR7

    ‘Just read on twitter ( @Arsenic) that Unai Emery is not convinced by the defense. He does not rate Mustafi and Holding and does not believe Mavropanos is ready for the premier league on a weekly basis. Two things worrying about this’

    If true then my concerns about having a DoF will be proven right. A manager should be the sole decision maker at a club but doesn’t look like it is him making all the decisions.

  53. salparadisenyc

    Dembele would be an incredible signing, that front three would be serious.
    That said hard one to see happen for litany of reasons, but it sure is fun to think about.

    Really have to question how we let such a prospect slip thru when he played for Rennes, shows how broken our scouting network became coupled with Wengers indecisiveness towards talent. This entire space was calling for him when Dortmund bagged him.

  54. Radio Raheem

    “We aint signing Dembele unfortunately.”

    Yep. I’ve accepted the squad for what it is. Still looking forward to the season. Simply not having Wenger has made it intriguing.

  55. Guns of SF

    We seriously need another scoring threat in the event either Laca or PEA get injured. God forbid but having that third scorer in the starting 11, would make a huge difference in that event, and also in general!

    Where are the goals going to come from besides Laca and PEA?
    None of the starting 11 seem to be capable of adding the third scoring consistently

  56. Guns of Hackney

    Wenger started the fire.

    Stan gave Wenger more flammable furniture to chuck on it.

    Gazidis and co watched as the club burned.

    Finally the pyromaniac was brought down and a patsy was given the gig.

    …and now Stan has the club and you can bet your ass that Wenger will be back in some capacity.

    Listen, I thought Arsenal was pretty dead in 2008/2009. Today, it flatlined. Do I care? Nah. This place is hilarious so I’ll keep contributing and winding people up.

  57. Cesc Appeal

    ‘If true then my concerns about having a DoF will be proven right. A manager should be the sole decision maker at a club but doesn’t look like it is him making all the decisions’

    Not really.

    Emery has made the decision based on what he has seen in pre-season.

    Factor in we badly needed a GK, CB, CDM, CM and a winger with just £70 Million to spend and our choices are sort of limited without sales which we now see are proving incredibly difficult because of the state of the club, the players and our wage structure.

    We’ve had a pretty basic, acting in necessity sort of summer and there was no way with the needs we have, our £70 Million, lack of players to sale for any sort of value, the general state we’re in with Mislintat, Sanellhi and Emery all having been in the job less than a year that we would come out of the summer looking in good shape.

  58. Dissenter

    Guns of SF
    “We seriously need another scoring threat in the event either Laca or PEA get injured. God forbid but having that third scorer in the starting 11, would make a huge difference in that event, and also in general! Where are the goals going to come from besides Laca and PEA?
    None of the starting 11 seem to be capable of adding the third scoring consistently”

    That’s why we have Eddie as back-up.
    The pertinent question is not the third striker. It is the fact that we need goals to come in from the attacking midfielders as well.

  59. Leedsgunner

    Kronke borrows £557m to buy Usmanov’s shares.

    So let me get this straight, our majority owner has borrowed more money than it took to build the Emirates to buy out Usmanov?

    I know he has said that this debt will not be ladened on the club but surely he doesn’t expect anyone to believe this?

    Wenger was not the problem of Arsenal. He was just a convenient lightning rod.

    With 100% of the club in his hands what is there to prevent Silent Stan from completely using the club as security for his other business ventures?

  60. salparadisenyc

    “This place is hilarious so I’ll keep contributing and winding people up.”

    The reasons to return, you fucking cunts are hilarious.

  61. Guns of SF

    Eddie is great but not sure he is ready for that yet.
    In any case, the left wing needs addressing sharpish.
    Please dont tell me Iwobi can do the job

  62. salparadisenyc

    Phantom bid out of nowhere for Lemar at £90m on deadline day, why not repeat the performance for a better player this time.

  63. R.S.P.C.Arsenal

    Emery s a proven manager
    He deserves respect for his achievements and must have a fair crack off the w.i.p

  64. Guns of Hackney

    Wenger
    Gazidis
    Ramsay

    …in six months? Will the world stop spinning? Please tell me
    Everything will be okay!!!!

  65. Michael24

    Don’t die of shock, but back in 2011-12, for roughly ten months, I became an AST member.

    What a fudging waste of time.

    About as effective and influential as a grain of salt on a 64oz ribeye steak.

    More concerned with financial gain and meeting for a chinwag and a few pints, than try to help solve the visible problems at AFC.

    Their annual membership surveys were an absolute joke. Read them for a laugh. Great bedtime reading.

    Had the pleasure of sitting through a meaningless meeting with IG.

    Yes, just to confirm, he is an absolute tosser. I got up and walked out before the end.

    Tim Payton(spokesman for the AST) is a damp squib.

    Boo hoo, they’re annoyed.

    Who bloody cares?!

  66. Dissenter

    I hope that all gooners understand that protesting against Kroenke so early in the sole ownership will negatively affect the team.
    It was destabilize a new manager, budding back room team and the already fractious fan base. All it will do is create an environment of crises from the media. I’m not sure we can survive another round of placard carrying gooners.
    No amount of protesting will get rid of Kroenke. Even if you’re a billionaire like Usmanov, you still wouldn’t get your way.
    Lets all embrace the team and judge Kroenke going forward.

  67. R.S.P.C.Arsenal

    Thoughts of Boris is no suprise
    Wenger drained all the life out of the club.
    To the extent that fans couldn’t care less how the club does.

    It can be repaired but will take wins an time .

    But I’m not sure the fans care anymore

  68. Marko

    If true then my concerns about having a DoF will be proven right. A manager should be the sole decision maker at a club but doesn’t look like it is him making all the decisions

    It’s the previous manager and no DOF’s fault that we have shit players in defence

  69. Dissenter

    Sal,
    “Phantom bid out of nowhere for Lemar at £90m on deadline day, why not repeat the performance for a better player this time.”

    We can bid 500 million for Leo Messi at 11.00pm on Thursday, knowing fully well that the clock will run out before Barca returns to dick-slap us.
    Like you said…phantom bid.

  70. Dissenter

    “Window shuts 5pm on Thursday, no?”

    Revised for yourpleasure
    “We can bid 500 million for Leo Messi at 4.00pm on Thursday, knowing fully well that the clock will run out before Barca returns to dick-slap us.”

  71. Marko

    using the club as security for his other business ventures?

    Wouldn’t Arsenal be the biggest thing that he’d own?

  72. DaleDaGooner

    ….So bad that Everton FC Shareholders Association took time out to address the full ownership of Arsenal…

  73. Marko

    No rambo news? Not looking good there either.
    We need a replacement for him very soon…

    Ramsey is absolutely staying now and likely going to ass fuck the club in a similar way to Ozil. Chelsea being offered Kovacic on loan puts to bed Ramsey going there (Kovacic is better). Our only hope would be Liverpool but do they need him? And they’re fuckers to negotiate with they’d probably go no further than 20 million.

  74. salparadisenyc

    Dissenter

    Indeed, but something tells me if this new transfer team bigs the £90m it won’t be phantom.

    Not to mention, Svens history with signing the player.

  75. Marko

    I’m not sure you can count the Lemar bid last summer as some phantom fake bid or something. Wasn’t it the pp player who turned us down because he wanted more time to decide. Had we bid q week earlier we might have actually got him

  76. raptora

    Sky Sports News understands it is highly unlikely Usmanov will look at other Premier League clubs.

    In a statement, Usmanov said: “I have decided to sell my shares in Arsenal Football Club which could be the best football club in the world.

    “I wish all the best and great success to this wonderful football club and to all those whose lives and careers are entwined in it.”

    Usmanov’s Red and White Securities firm added: “We confirm that Mr Alisher Usmanov has given an irrevocable undertaking to KSE to accept the offer in respect of Red and White Securities’ entire holding of
    18,695 Arsenal shares (representing approximately 30.05 per cent) for an agreed price of £29,419.64 per share in cash valuing Red and White Securities’ stake at just over £550m.”

  77. WengerEagle

    Real Madrid offering to loan Kovacic to Chelsea to sweeten the Courtois deal.

    Is there a place for him there after the Jorginho signing? And would surely have to be a loan with an option to buy for Chavs to be interested.

  78. DaleDaGooner

    Usmanov you pussy, this is what Billionaires do, they sit in some gentleman’s club and argue about the price of Ferrari and Caviar….i bet they sat drinking congac and got shit faced, Kroenke petting his bald head telling him to let go of his 30%

  79. raptora

    So Usmanov sold the shares at £29,419 a share. I think that last time he had bought shares he bought them at £10,500. That’s almost triple the profit; or over £330m pounds NET profit in the space of 11 years. Without moving a finger. Fk me!!! That’s what I call business!

  80. salparadisenyc

    Who knows what the Lemar bid was, safe to say it wasn’t well thought out othwewise we’d of signed him.

    If you’re going to shatter club transfer record for a player i’d imagine you’d know where he was willing to play along.

  81. WengerEagle

    The J.oe Hart situation is pretty remarkable and bizarre.

    Just sold to Burnley for 3.5 million.

    This is a former Captain, 4 time Golden Glove winner and a man with 75 England caps.

  82. DaleDaGooner

    Coyote moving from West Ham to Crystal Palace for more money than we’re selling Lucas Perez…WTF is going on with us??? This is not even Wenger here anymore, and we can’t even get proper money for our players, Ramsey still hasn’t signed as is Nelson….

  83. DaleDaGooner

    Max Meyer going to Crytsal Palace..LMAO and a lot wanted him on our team, all he could muster is a move to Palace…fuck me.

  84. Dissenter

    Dembele will be the daftest kid in the world if he goes to United.
    Mourhino will try to convert him to a wingback.

  85. Michael24

    sal

    The Lemar saga was PR spin.

    Arsenal had no intention of buying him.

    After the Sanchez saga is was a way to appease the fans.

    All crap!

  86. Marko

    Tell you what Madrid trying to loan Kovacic in order to get a goalkeeper has got to be a slap in the face to the player

  87. Michael24

    Dale

    It’s called making the most of a really bad situation.

    Why panic?

    Just go with the flow.

    None of us have a clue what’s going on behind the scenes.

    Try and relax my friend.

  88. WengerEagle

    Marko

    Think Kovacic has to be honest with himself and reconcile the fact that it’s extremely unlikely at this stage that he will break into the Real Madrid first team in the near future barring a dramatic drop off from Modric.

    He’s 24, the time to move and and play on a weekly basis is now really.

  89. Michael24

    After a decade of treading water and a slow and predictable regression, I am prepared to sit back and accept change.

    For some of you though, accepting change is proving very difficult.

  90. azed

    Kepa Arrizabalaga of Bilbao for 71m pounds to Chelsea

    Receding

    Are you sure it isn’t Oooospina? You RedTruth swears by the tree in his school yard that Ospina is the greatest keeper ever.

  91. Rambo Ramsey

    The fvck do you do for a living, Marko? How does anyone with a life or a serious job find the time or energy to write tens of comments every day? Every.fvcking.day

  92. WengerEagle

    Athletic Bilbao are an amazing case.

    Fact that they only recruit players from the Basque region and have had as much success as they have had is astonishing. You have admire it.

    Seem to churn out quality player after quality player and always remain up thereabouts in the top 5/6 of La Liga barring the last couple of seasons where they have fallen off a bit.

  93. Marko

    Rambo it’s called a day off and a smart phone. These things are great you can literally keep em in your pocket and take it out and spend literally seconds getting your point across. What an age we live in

  94. Rambo Ramsey

    I’ve made no secret of my detest for Kroenke in the past.

    BUT he did sack Wenger and has put in a footballing structure in place. 5 Years late,yes, but act like an owner who cared he finally did.

    So yeah, not throwing my toys out the pram yet.

  95. Dissenter

    rEceding
    “Think Butland’s error over the weekend did not go down too well with the Chelsea scouts”
    Yes
    I saw the howler. I’ve always thought these English goalies are overrated anyway. It’s like how they overate every England player that can do a leg-over or dribble poast one player.

  96. Samesong

    Rambo

    Marko be there on deadline day yellow tie and yellow boxers giving us the run down till the final minute bless the lad.

  97. Dissenter

    Culled from the Guardian
    “Arrizabalaga, Spain’s second choice and considered one of the most promising goalkeepers in Europe having impressed for his country through the junior age groups, has a release clause set at 80m Euros (£71.6m). Bilbao are braced to lose the 23-year-old, who has travelled to Madrid with his agent ahead of a flight to London around 10am on Wednesday, having come close to selling the youngster to Real for only £17.9m in January.”

    Oh dear. He was almost sold to Real for 17 million 6 months ago despite the relase clause. He actually passed the medical at the time.
    Premier league clubs are real mugus
    They are subsiding Continental European clubs.
    All that money and no sense.

  98. Rambo Ramsey

    Shocking, absolutely shocking the state of our defense going into the season.

    We’re leaving so much to chance

    A Mustafi miracle
    Papa settling in and start preaching
    Bellerin coming to terms with his sexuality
    Young ones maturing

  99. Receding Hairline

    Would anyone take Ross Barkley plus 20 million for Aaron Ramsey.

    No I would not

    Considering all the doubts with our defense i still will not mind Nzonzi being brought in. Make us hard to beat first without worrying about this wonderful runs Ramsey makes that allegedly unsettles teams so much

  100. karim

    Gonna watch Chelsea v Lyon, should be a good game.

    Fekir isn’t playing but that doesn’t mean he’s off to the Chavs ( Sarri interested ), just that he has just been back from holidays. Well, hopefully.