Good news?

American guy takes over Arsenal. Nobody knows what it means

Stan Kroenke – it says on his badge

stannametag.jpg

In a morning that has yielded very little in the way of interesting stuff about football related nonsense, the big news is that an American guy who owns a lot of Arsenal now owns a lot more of Arsenal.

American tycoon, Stan Kroenke, bought 9.9% of the club in 2007 and has been gradually acquiring more shares since. He now owns 62.89% after his company, Kroenke Sports Enterprises, nabbed the shares of Danny Fiszman (16.1%) and Lady Nina Bracewell-Smith (15.9%).

The trouble is, nobody knows what this means for the Gunners…

The general consensus seems to be that it’ll be business as usual for Arsene Wenger and his men. Kroenke has apparently been a very active member of the board and it sounds as if things will keep plodding along in the way they have been.

The Guardian, The Telegraph and The Sun all simply report the facts rather than making any wild claims about huge signings, while The Daily Mail has gone the most mental by claiming:

“The move could force Wenger to cave in to demands for pre-season tours in the US, but there is hope Kroenke would inject cash into the transfer kitty.”

Ahh… So there’s ‘hope’ he’ll give Wenger loads of money to spend. Hmm…

Anyway, Kroenke himself has said:

“Arsenal is a fantastic club with a special history and tradition and a wonderful manager in Arsene Wenger.

“We intend to build on this rich heritage and take the club to new success. I am delighted that Peter Hill-Wood has agreed to support us by continuing as chairman.”

Hill-Wood appears to have changed his mind about Kroenke from 2007, when he said:

“Why don’t we want the American at our club? Call me old-fashioned, but we don’t need his money and we don’t want his sort.

“Our objective is keep Arsenal English, albeit with a lot of foreign players.

“Americans are buying up chunks of the Premiership football clubs and not because of their love of football but because they see an opportunity to make money.

“They know absolutely sweet FA about our football and we don’t want these type of people involved.”

Arsene Wenger seems reasonably nonplussed by the whole thing, saying:

“I have worked with Stan Kroenke at board meetings over the past couple of years and I believe he has the best interests of Arsenal at heart.

“He understands the club’s heritage and traditions and our ambition to run the club in a way which protects our long-term future.”

It doesn’t sound like Gunners fans have too much to worry about. Although you may be waiting a long time before you go shelling out £24 million on top-class players like Joleon Lescott.

In short – meh.

Thoughts…


11 responses so far
  • Bob // April 11, 2011 at 11:37 am

    Meh

  • Greg // April 11, 2011 at 11:39 am

    The Metro headline reported a ‘£60m warchest’ above an article which had no mention of any such thing…

  • Edd // April 11, 2011 at 11:47 am

    With UEFA financial fair play rules coming in soon, can he inject much money in any case? Not completely sure what to make of this and what he hopes to get out of it (surely there are better financial investments than football).

  • Richard Anderson // April 11, 2011 at 12:28 pm

    An excellent spot, Greg…

    http://www.metro.co.uk/sport/football/860503-stan-kroenkes-arsenal-takeover-to-give-arsene-wenger-60m-warchest

    This looks very much like a number that’s been plucked out of the air…

  • Brian // April 11, 2011 at 5:24 pm

    Truer words have never been spoken?:

    “Our objective is keep Arsenal English, albeit with a lot of foreign players.”

    What’s English about Arsenal? The ownership? Is that how you define a team? Good thing they have Wilshere, otherwise there wouldn’t be any English presence on the field. Well, except for when Walcott is used as a sub in between the times he isn’t out injured for God only knows what. Everyone knows that Arsenal is the best French team playing in the Premier League.

  • Andre // April 11, 2011 at 6:55 pm

    Brian,

    Fabregas
    Van Persie
    Song
    Vermaelen
    Szczesny
    Arshavin

    Leaving out Wilshere and Walcott, that’s a good chunk of the core group that’s non-French.

    Tired cliche is tired.

  • R2Dad // April 11, 2011 at 7:27 pm

    I hope Arsenal remains a team that doesn’t want to pay big transfer fees but will pay big wages to keep their stars. Unfortunately, I don’t think this strategy can apply to keepers. Would be curious to hear SK expound on his thierry of team ownership in the EPL.

  • elcynico // April 11, 2011 at 10:13 pm

    If he’s anything like his wife, there’s big trouble ahead.

  • gooners sux // April 11, 2011 at 10:14 pm

    admit it, wenger sucks as a coach, he is only good for rearing youngsters. if this yank had any sense he would hire the young villas boas from porto who has gone undefeated and already won a title the league…in his 1st year

  • Andre // April 11, 2011 at 10:28 pm

    “if this yank had any sense he would hire the young villas boas from porto who has gone undefeated and already won a title the league…in his 1st year”

    you mean the guy that took over the team that has a 50/50 chance of winning the portuguese league every year won in his first year? yeah, they should drop Wenger for him. winning the league with Porto is definitely equivalent to taking a team from 5th to 1st in your first two years in the EPL – and then keeping them in the top two for the next 8 years.

    can’t tell which you know less about: portuguese or english football history.

  • elcynico // April 12, 2011 at 10:01 pm

    There’s a whiff of 3 day old fish about Wenger. Perhaps he should be kicked upstairs which would also give him more time to enjoy hsi extracurricular activities.

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