Monday, 7 May 2007

More on the Arsenal takeover

There were many stories about the takeover, this one appeared on the Bloomberg website.

Arsenal Would Reject Takeover, Wants to Stay English

Arsenal Chairman Peter Hill-Wood said he's prepared to fight any takeover attempt by Stan Kroenke, the U.S. billionaire with a 12.2 percent stake, and that he wants to keep the Premiership soccer club English-owned.

``Call me old-fashioned, but we don't need his money and we don't want his sort,'' Hill-Wood, a former director of Hambros Bank Plc, told BBC radio today. ``They know absolutely sweet F.A. about our football and we don't want these type of people involved.''

Hill-Wood's comments follow the departure two days ago of Vice Chairman David Dein because of what the London club termed ``irreconcilable differences'' with fellow directors. Dein wanted Kroenke to increase his stake, U.K. media reported. Buying Dein's 14.5 percent would make him the largest shareholder and move him closer to the 30 percent mark that triggers a mandatory bid.

Any takeover by Kroenke, who owns Major League Soccer's Colorado Rapids, would make Arsenal the eighth Premiership team owned by foreign investors and the fourth to fall into U.S. hands. Malcolm Glazer owns Manchester United, Randy Lerner acquired Aston Villa and Liverpool was bought in February by Tom Hicks and George Gillett. Chelsea, owned by Russian billionaire Roman Abramovich, won the last two Premiership titles.

Need for Stability

``Stability is important,'' coach Arsene Wenger told reporters today. ``Money is not necessarily the key to success next season. We can beat all these teams.''

Paul Andrews, the chief marketing officer for Kroenke Sports Enterprises, said the organization never comments on speculation regarding its investments.

``Americans are buying up chunks of the Premiership not because of their love of football but because they see an opportunity to make money,'' Hill-Wood said. ``Our objective is to keep Arsenal English, but with a lot of foreign players.''

The remaining board members, who own 45.45 percent, agreed not to sell their shares for at least a year to signal they remain ``long-term holders,'' Hill-Wood said two days ago. That, according to Tom Cannon, a soccer analyst at England's Buckingham Business School, is probably enough to repel a bid.

``One can be pretty confident that from the smaller shareholders they can pick up the remaining 4.5 percent of shares to pretty well control 50 percent,'' he said. ``It's almost inevitable they will be able to block a full-blown takeover.''

Shares Climb

Arsenal shares rose 175 pounds, or 2.6 percent, to a record 6,950 pounds, valuing the club at 432 million pounds ($865 million). The stock has climbed 39 percent since the Rapids signed an alliance with Arsenal on Feb. 8. Kroenke acquired 9.9 percent from broadcaster ITV Plc in early April and lifted his stake further since then.

Dein, who hasn't commented since his departure, is an influential figure in the politics of English and European soccer. A former F.A. vice chairman and current chairman of the G-14, comprising 18 of Europe's biggest teams, he was instrumental in hiring Arsene Wenger, who has led Arsenal to three league championships and four F.A. Cups.

``We've lost a man of class, intelligence and competence who contributed highly to the success and development of the club,'' said Wenger. ``Even if I'm sad, it's best to consider the interests of the club.''

Read more!

Possible takeover at Arsenal.

This occured around two weeks ago. American business man Stan Kroenke who already owns around 12% of shares in the club is planning a takeover. However, the apparent move has clearly caused disharmony amongst the Arsenal board which appears to be split over the foreign invetment. I guess this shows what a bad effect a potential takeover can have over a club. So called Mr Arsenal David Dein stepped down... what does the future hold for this club?

Read more!


Let me say, well done to Manchester United on winning the League title, there can be little doubt in the minds of real Chelsea fans that the best team did win the title this year and they will be treated with the same respect that they gave to us when we played them at Old Trafford in 2005.

Read more!

Long Absence

Let me start by saying sorry for not keeping this blog updated. Alot has happened since my last post, so i will be posting a few topics shortly.

Read more!

Tuesday, 27 March 2007

Platini reservations over foreign takeovers

UEFA president Michel Platini is planning a series of talks about the wave of foreign takeovers sweeping through football.

Platini, elected as president of the European governing body a fortnight ago, wants to make sure clubs are not falling into the hands of businessmen who just want to make a profit.

Liverpool's takeover by American tycoons George Gillett and Tom Hicks this week means seven Barclays Premiership clubs are now in the hands of foreign owners - Manchester United, Chelsea , Aston Villa, West Ham, Portsmouth and Fulham are the others.

UEFA communications director William Gaillard believes Liverpool's new owners appear to have the interests of the club at heart - but has added there are concerns about the overall trend.

Gaillard told said: 'Michel Platini has doubts whether this is good for football.

'This is why he wants to have consultation with the whole football family - clubs, leagues, players and so on - so we understand a bit better in which direction football is moving.

'The interests of the game should be paramount, and we want to avoid football clubs becoming objects of speculation.

'At this stage we don't have a model to follow; we will develop it with the whole football family.'

Gaillard reasons the commercial opportunities mean a new type of club owner is becoming commonplace.

He added: 'Times have changed. It used to be local captains of industry who owned clubs, or clubs were owned by fans - as they have been in Spain.

'We now have a situation where people are investing in clubs because they see them as a way to make money. In the past, it was a way to spend money.

'If they want to invest in football because they love football, that's fine. But if we have a situation where someone buys a club and sells the stadium for real-estate development, sells all the players, goes home and cashes in that would be terrible.'

Read more!

Saturday, 24 March 2007

Your views

Ok, since i have been writing this blog, i have included my own opinions and those from articles throughout the media. However, now i want your opinions on foreign owners in football. Where do you think this is going to lead and what effects this will have on the game we all love. So, feel free to leave comments on any of the articles that have been posted on here and i will do my best to put the best ones on the blog. Remember keep all posts clean and if you can manage it, unbiased as well. Cheers.

Read more!

Thursday, 22 March 2007


Should have really done this on Tuesday morning but was still extatic after the victory at White Hart Lane. Ive put a few pictures from Monday night on here courtesy of

A fantastic night was had by all in blue and we won 2 -1 thanks to two spectacular goals from Shevchenko and Wright phillips. Chelsea will now play Blackburn at Old Trafford for a place in the final. Manchester United also progressed thanks to a 1 - 0 win over Middlesbrough, they will now play Watford at Villa Park.

Read more!