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Arsenal Investors Reproach Kroenke Over Van Persie

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  • Arsenal Investors Reproach Kroenke Over Van Persie

    Arsenal investors reproach Kroenke over Van Persie

    By ROB HARRIS
    The Associated Press
    July 5, 2012

    LONDON (AP) -- A simmering feud between the major shareholders of Arsenal erupted Thursday when American owner Stan Kroenke was accused of selling the club's best players and replacing them with cheaper ones.

    In the letter obtained Thursday by The Associated Press, Alisher Usmanov and Farhad Moshiri wrote to Kroenke expressing ''deep reservations'' about how he runs the club after captain Robin van Persie declined to sign a new contract.

    Usmanov and Moshiri own just under 30 percent of Arsenal through investment company Red & White, but they haven't been allowed to join the board by Kroenke, who also owns the NFL's St. Louis Rams, the NBA's Denver Nuggets and the NHL's Colorado Avalanche.

    They complain in the letter that Kroenke is running Arsenal ''without any investment'' and with little sign that a trophy drought stretching to 2005 will end soon.

    ''It is down to our manager and not the shareholders to have to deal with the club's tight finances, carry the burden of repaying the stadium debt by selling his best players and having to continue to find cheaper replacements,'' Usmanov and Moshiri wrote. ''All of that, naturally, comes at the expense of performance on the pitch.

    ''This policy is leading to the loss of our best players, often to our main competitors, and even causes the players themselves to question their future at the club and the club's ambitions. The situation with our captain and outstanding performer from last season, Robin van Persie, sums this up.''

    Van Persie announced Wednesday that he would not extend his Arsenal contract, which expires in a year, because ''we in many aspects disagree on the way Arsenal should move forward.''

    The Netherlands forward scored 37 goals in all competitions for Arsenal last season.

    Arsenal has lost other stars in recent years amid dissatisfaction about the lack of success and lack of funds for transfers. A year ago, then-captain Cesc Fabregas joined Barcelona, while playmaker Samir Nasri and defender Gael Clichy signed for Manchester City and won the Premier League title in May. City also recruited Emmanuel Adebayor and Kolo Toure from Arsenal in 2009.

    ''As a top club we should, at the very least, match if not beat the offers that other clubs make to try and lure our very best players away, and also provide a more compelling vision of the future,'' Usmanov and Moshiri wrote.

    Usmanov and Moshiri complain to Kroenke and other board members that it seems securing a place in the Champions League ''will be the pinnacle of our ambition again next season.''

    ''Unfortunately, in the future we may see this ambition lowered further,'' they added.

    Usmanov and Moshiri say they have been refused meetings with Kroenke, who has just completed his first season in charge of Arsenal in which the team finished third in the league standings.

  • #2
    Re: Arsenal Investors Reproach Kroenke Over Van Persie

    All good English names there.

    oh wait...

    There's a joke doing the rounds:
    What does Robin van Persie and a tea tray have in common?




    They both carry 10 mugs.

    Comment


    • #3
      Re: Arsenal Investors Reproach Kroenke Over Van Persie

      The Arsenal have always been cheap.long before Stan got involved with them. ever since big money started to be paid to footballers they have been left behind..
      i have no love for Arsenal tho..long may Stan continue to be cheap with them.aslong as they win the North London derby because i hate Tottenham more i`m a happy bunny.

      Comment


      • #4
        Re: Arsenal Investors Reproach Kroenke Over Van Persie

        As long as he uses that money he saves with Arsenal on the Rams, Im fine. I have long switched from Arsenal to ManCity anyway

        Comment

        Related Topics

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        • r8rh8rmike
          Bernie: Is Kroenke Spreading Himself Thin?
          by r8rh8rmike
          Bernie: Is Kroenke spreading himself thin?

          BY BERNIE MIKLASZ, Post-Dispatch Sports Columnist
          Monday, April 18, 2011


          The occasion is an important match in the English Premier League, Liverpool at Arsenal, and Kroenke will be in the stands at Emirates Stadium. But will the TV cameras be able to find him? (Yes. Kroenke was on camera multiple times during the 1-1 draw.)

          "Silent Stan" Kroenke is now an international man of mystery after his friendly but stunning takeover of Arsenal FC, one of the most storied and distinguished franchises in soccer history.

          Last week, Kroenke put up an estimated $230 million to increase his ownership stake in the Gunners from 29 percent to just under 63 percent. Under terms of the deal, Kroenke is obligated to offer to buy out the remaining shareholders, which could mean an additional investment of tens of millions of dollars.

          Kroenke has added another prominent team to a collection of sports properties that includes your St. Louis Rams, the Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), the Colorado Mammoth lacrosse team, the Pepsi Center arena in Denver and a regional sports network in Colorado. That's in addition to his real-estate development and other non-sports businesses.

          Kroenke has positioned himself to be a powerful figure in the sports world. With his emergence in Europe, he's established a global presence. And if the NFL ever decides to put a franchise in London, Kroenke looms as an interesting figure, seeing that he'll already be established there.

          I'm an Arsenal fan from way back, so I join my fellow Gunners supporters across the Atlantic in wondering what we should expect from Kroenke.

          The central question seems to be this: Will he spend money to acquire the elite pieces deemed necessary to put Arsenal back atop of the EPL table?

          It's roughly the same question Rams fans have about Kroenke as he begins his second season as the team's majority owner.

          With the NFL's free-agent market shut down because of the labor dispute between the owners and players, it's impossible to get an answer. But in a recent interview with Jim Thomas of the Post-Dispatch, Kroenke didn't eliminate free-agent signings as a way to improve the roster but strongly reaffirmed his belief in the philosophy of building through the draft.

          Kroenke's increased stake in Arsenal raised another question: Does he own too many teams? Can he devote enough individual time to the Rams? It depends on your views. Those who prefer an on-site, hands-on owner will be disappointed.

          In my previous discussions with Kroenke, he politely dismissed this as a concern, saying that he isn't a micro-manager or meddler. He prefers to employ capable executives and coaches and let them do their jobs. There's been speculation that Kroenke...
          -04-18-2011, 08:49 PM
        • Azul e Oro
          Will Kroenke's soccer moves affect The Rams?
          by Azul e Oro
          Would he sell his stake in The Rams to finance this?

          From the Associated Press:

          Updated Mar 26, 2010 2:58 PM ET
          American businessman Stan Kroenke has increased his stake in Arsenal and is now within 10 shares of the threshold that forces him to make a takeover bid.

          Kroenke, who owns 29.9 percent of Arsenal, acquired seven more shares Thursday at a cost of 8,500 pounds ($12,650) each, the Premier League club said Friday in a statement to London's Plus Market stock exchange.





          If the Denver-based businessman reaches 30 percent, he has to make an offer for the remaining shares in Arsenal Holdings plc.

          If Kroenke manages to acquire more than 50 percent of the shares he will gain legal control of the club. If he reaches 90 percent he can compulsorily purchase the remaining shares.

          But if he fails to surpass the 50 percent level, he is prohibited from making another takeover bid for at least a year - unless asked to do so by the club.

          Russian businessman Alisher Usmanov - the club's second-largest shareholder - signaled his interest in a takeover in December by taking his stake beyond 26 percent through his investment vehicle Red and White Holdings.

          Unlike Kroenke, Usmanov has not been invited on the board of directors.

          Kroenke, who first bought a 9.99 percent stake in Arsenal in April 2007, also owns the Colorado Rapids of Major League Soccer, the NBA's Denver Nuggets and the NHL's Colorado Avalanche.

          Arsenal remains in contention for the Premier League and Champions League titles this season. The club is two points behind leader Manchester United going into Saturday's match at Birmingham, and faces Barcelona on Wednesday in the first leg of their European quarterfinal.
          -03-27-2010, 02:31 AM
        • MauiRam
          Will Rams cash in under Kroenke? ..
          by MauiRam
          BY BERNIE MIKLASZ • Sunday, September 26, 2010 12:20 am


          The National Football League is the private club for some of the wealthiest people in the world. According to the latest Forbes listing of the 400 richest people in America, 11 own NFL franchises.

          Money doesn't guarantee success on the field. A few of the moguls have won Super Bowls, including New England's Robert Kraft, Jerry Jones in Dallas, Tampa Bay's Malcom Glazer. Others on the Forbes list repeatedly have come up short in their desperate pursuit of the ring.

          One is Washington's Daniel Synder, who has had more head coaches (seven) than winning seasons (three) in 11 seasons as owner. Snyder hopes his football fortunes will change now that he's installed a legitimate general manager (Bruce Allen) and the high-profile head coach, Mike Shanahan.

          Some of the NFL's old-school clubs — the Rooney family in Pittsburgh for example — have won multiple Super Bowls without the benefit of the massive individual wealth enjoyed by the NFL's Forbes 400 owners. The Rooneys know how to set up a successful football shop, with the focus on scouting and drafting. Their specialty is winning.

          Snyder and the Redskins will be at the Edward Jones Dome on Sunday to face Stan Kroenke's St. Louis Rams. Snyder has been at this since 1999. And Kroenke is the NFL's newest billionaire owner.

          Kroenke is ranked No. 130 on the Forbes list with an estimated worth of $2.7 billion. His wife, Ann Walton Kroenke, came in at No. 98 with $3.2 billion.

          That's impressive. A low-revenue franchise that's bottomed out with 44 losses in its last 50 games can certainly use a strong foundation.

          Still, that doesn't answer the most important question: What kind of owner will Stan Kroenke be for the Rams? Is Kroenke destined to become as stymied as Snyder, or as revered as a Rooney?

          Kroenke does have a Super Bowl on his résumé; he was Georgia Frontiere's 40 percent ownership partner when the unforgettable 1999 Rams went from last place to NFL champions. But Kroenke is in charge now, so the circumstances are dramatically different.

          Kroenke has become a symbol of hope for suffering Rams fans who crave strong, stable leadership to provide a new direction for their lost franchise.

          Friday night, I conducted an informal survey on my online forum (Bernie's Press Box) at STLtoday.com. I posed a simple query: What do you want from a Kroenke ownership?

          The responses were thoughtful and sincere. Here's a rundown of the most popular themes:

          • Be genuine in trying to solve the stadium issue to ensure the team's future in St. Louis.

          • Be in it to win it and fight for Rams fans.

          • Buy some impact free agents to help overcome the many years of incompetent drafting.

          • Be a visible presence at Rams Park and in the...
          -09-26-2010, 11:02 AM
        • HUbison
          Expect approval for Rams' Kroenke
          by HUbison
          From ESPN.com...
          -04-13-2010, 07:47 AM
        • MauiRam
          Kroenke waiting for move on Rams
          by MauiRam
          Bernie Miklasz bjmiklasz @post-dispatch.com 314-340-8192
          ST. LOUIS POST-DISPATCH
          06/14/2009

          One of the more compelling aspects of the Rams' sale is the role of Stan Kroenke in the proceedings. Rams owners Chip Rosenbloom and Lucia Rodriguez, team insiders and other NFL executives and owners are wondering: what is Kroenke going to do? Is he going to make a play for control of the team? And if so, when?

          Don't expect Kroenke to lay his plan out for us. He's staying underground on the Rams' front and not returning media calls. He's not about to give away any clues on his Rams' strategy.

          Kroenke, worth an estimated $3 billion, is a busy sports mogul. He owns 40 percent of the Rams. He owns the NBA Denver Nuggets, the NHL Colorado Avalanche and the Pepsi Center in Denver. He owns the Major League Soccer franchise in Colorado and the stadium that houses the team. He is the majority shareholder (28.3 percent) of the prestigious Arsenal soccer club in the English Premier League. Kroenke owns a pro lacrosse team, an arena football team, and a Colorado-based cable-sports network.

          And Kroenke's real-estate development company continues to prosper, making him one of the nation's wealthiest individuals according to Forbes magazine.
          So does Kroenke want to buy the available 60 percent ownership block and challenge NFL rules that prohibit cross ownership? Or is he content to hang onto his 40 percent, oversee his other sports properties, concentrate on accumulating more Arsenal stock and avoid a skirmish with the NFL?

          After speaking to a couple of Kroenke associates — sorry, no names — I think I have a general handle on his approach. But I can't be sure. Remember, this is the same Kroenke who made no noise about being interested in the Nuggets and the Avalanche, only to swoop in and buy them at the end of the process. Kroenke waited until the collapse of Bill Laurie's tentative deal for the teams, then made his move. And Laurie is Kroenke's brother-in-law, but Laurie knew nothing of Kroenke's intentions.

          I believe Kroenke will sit and wait for others to make the first move.

          It makes sense, because Kroenke has the right of first refusal on the Rams' sale. He can match any offer for the available 60 percent. By hanging back, Kroenke won't set the market and take the risk of bidding against himself to meet Rosenbloom's price. Instead, it's smarter for Kroenke to wait for another interested party to set the market, then react accordingly.

          If another bidder makes an offer on the lower side, and the price is acceptable to Rosenbloom, then Kroenke can match the offer and get a relative bargain. He can save millions of dollars on the purchase. If Kroenke gets a great deal, then he may be more inclined to fight the league over that 60 percent.

          And what if another bidder rushes in and pays whatever Rosenbloom-Rodriguez...
          -06-14-2009, 11:26 AM
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