Can't view it in work. Copy-paste please?
Further to
our story last week about Stan Kroenke looking to purchase the shareholding of Alisher Usmanov, comes a bit more detail
from Amy Lawrence in the Guardian.
The offer is reportedly worth £28,000 per share, some £525m in total, and
as I explained in this post it would be a bad thing for Arsenal on a number of levels. The Arsenal Supporter’s Trust have urged Usmanov not to sell, saying:
The AST continues to believe that Arsenal is too important to be owned by any one person. The best ownership model for Arsenal will always include supporters being represented and involved in the ownership structure as shareholders. We understand the reality that any stake in Arsenal is available to buy at any time should someone make an acceptable bid, but we will oppose any attempt to buy the club outright and take it into single ownership.
I think it’s something most of us would oppose, but the question is: what can we realistically do about it? If Usmanov decides to sell to Kroenke and Kroenke is willing to buy, then it’s not like there’s going to be a movie-style timer, a countdown to the disaster. It’ll just happen and we’ll know about it when it’s announced. After that, the only action fans can take is the kind of thing that will punish them first and foremost, and maybe Kroenke afterwards.
It will be interesting to see if there’s any response from Usmanov in the coming days. I’ve spelled out a number of times why I think he’d be willing to sell and rejoin his former partner Farhad Moshiri at Everton, and if some think he’d view it as conceding defeat by selling his Arsenal shares, I don’t really see it that way.
For a man like Usmanov, who is used to power and control, his situation now must be maddening. He owns over 30% of a great club like Arsenal, but it might as well be 0.30% for all the influence he has. Yes, he can, by law, put a stop to certain things but so far there’s been no need for that to happen, and Kroenke has control.
I don’t think he’d view it as a defeat to sell and move on to somewhere else. To a club where he could assert total control, and perhaps demonstrate his vast wealth. Spending big at Everton, whether that was on players or a new stadium or facilities, would be a way of showing up Kroenke who, despite buying shares, has never once put a single penny into Arsenal to make it better. In fact, he’s done the opposite and taken money out by way of ‘advisory services’.
So, if we don’t hear from Usmanov in response to these stories – and he’s usually quite quick to come out and reassert his commitment to his Arsenal shareholding – I think it’s time to get quite worried, because it probably means there’s a willingness on his part to consider Kroenke’s offer. Let’s see.
Meanwhile, the
Football Supporters Federation have released a statement about the potential Christmas Eve fixture against Liverpool, calling it a ‘new low’ for broadcasters putting their interests above those of fans. I’ve made my feelings on this pretty clear, I think it’s an awful idea – and ultimately one that will have a negative effect on both the attendance on the day and the viewing figures.
It feels like this is something they’re thinking of doing just to show that they can, rather than because it’d be good for them. It’s certainly not something that’s good for fans of either club, but of course we know from years of experience that’s not really a consideration for them.