Silent Stan – It's all about the money | Gooner Talk

6
Feb

Silent Stan – It’s all about the money


Written by Arsenal Sweden

38 Comments  

Dear Gooners

We have all suffered from mediocre displays over the last years and as this season continues the questions have clearly grown. Why didn’t we spend any money this January and who decided that we shouldn’t? Ex-Arsenal defender Nigel Winterburn revealed on Football Today that he knows for a fact Arsenal doesn’t have all the money the fans think they have. After the last years of profit we should have around at least £60million+ in the bank, but if Arsenal don’t have as much money we think – where has it gone?

Many of our questions regard Stan Kroenke and his involvement – or lack of involvement – in the club. We don’t know his plans for Arsenal and I personally haven’t read how he did finance the shares he bought from the late Danny Fiszman and Lady Nina Bracewell-Smith. As we all know, Stan is very quiet with his business but in November 2011 he defended the Glazer family in an interview with Sports Business Daily.

EPL club Arsenal Owner Stan Kroenke “described the Glazer family as ideal owners and said that they have every right to take money out of Manchester United.”

“Because in the States, you would never get this dialogue that you and I are having. ‘He took money out of the club.’ So what?” He continued, “[Lakers Owner] Jerry Buss takes money out of the club. A lot of owners in the U.S. do. No one ever says anything about it. What’s it about, in fairness? Did the Lakers win anything? Well, yeah. They did. How big’s their revenue? Pretty darn good” (LONDON TIMES, 11/1). Meanwhile, Kroenke said that winning “without breaking the bank would continue to be Arsenal’s aim.”

Those quotes are really worrying and from recent Ivan Gazidis quotes we will not “break the bank” in the summer either. The fact is – this is Kroenke Style. Money talks. Here are two letters that could have been letters to Kroenke from Arsenal fans but are in fact letters from two supporters to St. Louis Rams, a NFL club he owns.

“I remember when the club was a respected member of the NFL. Now, the team has been a laughing stock for most of the past 25 years. Look at your team’s performance today. The Rams gave up 268 rushing yards against the Cardinals. It was yet another horrible performance by the league’s worst rush defense, and no one can blame injuries on the team’s failure. A large chunk of the team is on injured reserve, but the defensive line and linebackers have been healthy all year. What about your coaching staff, Mr. Kroenke? How do you feel about Steve Spagnuolo punting to the Cardinals’ Patrick Peterson (notes) again? You would have thought that your head coach would have learned from that mistake right? I guess not”… …“This is your football team. Please take responsibility for your franchise”… …”The Rams have a lot of money coming off the books in the next two years. Please make it count, Mr. Kroenke. If not, I’ll never spend another dollar on the Rams again”

Do you recognise the frustration? Here is the second letter questioning Kroenke’s plan of moving the Rams to Los Angeles.

This news came on the heels of the Rams three year agreement to play one home game per season in London, home of your Arsenal FC and a testing ground for the potential of a full-time NFL team in the future. With both moves, you exacerbated fears the team will take their leave of the Show Me State as soon as 2014 and move to greener pastures in sunny California or across the pond”…
…” So all I’m asking as a Rams fan is for you to be a little more straightforward. Don’t reveal all of the cards because we all understand you are a shrewd businessman, but also don’t leave us second-guessing and speculating on each public move”…
…”We have suffered through some bad football and have every right to be paranoid and upset after years of disappointment”…

The treatment of Stan Kroenke towwards the Rams and their supporters is the way he will treat us if our ambition collides with his interest. Will Arsenal play some matches in China or the US in 5-6 years because there are too many empty seats at Emirates? Will we also get cheerleaders and an American name like Arsenal Capitals or Arsenal Gunners or Canons because it suits Kroenke and makes more money? What I’m going to say now is like swearing in the church but I rather see a owner (Usmanov) that owns one team and watch some games at Emirates from his box than Stan Kroenke that owns 4-5 other teams and like to visit his four ranches to fish and hunt or to visit his vineyard or doing other business rather than care about Arsenal.

I don’t think he gets up six a clock in the morning a Saturday to watch Arsenal versus Blackburn on TV in Denver. The lack of genuine interest makes you wonder if Kroenke really is the good guy and Usmanov is the bad one for Arsenal. When Arsenal fans discuss Usmanov two things always appear.

1. His morale and uncertain past – he is suspected to have been a criminal.
2. He is an oligarch and former Soviet resident, and as we all know since birth we need to be suspicious against the Russians.

Well we didn’t complain about Arshavin being Russian when he scored four at Anfield. And regarding his morale – shall we really judge him for his past and speak highly about morale when:

* Our former captain – Tony Adams – went to prison for drink-driving and was lucky he didn’t kill anybody before he hit that house. We did forgive him.

* We also don’t think about the fact Graham Rix went to prison for having underage sex when we speak about his cross for Alan Sunderland’s last-minute winner in 1979.

* And now we are going to Nigeria on tour to receive money from perhaps local authorities and businessmen when this money could have been spent on the starving people and on the local market to support Nigeria. Is it morale to visit countries like China or Nigeria because they pay us a lot of cash when people are starving there and need that money more?

Who are we to judge Usmanov by his uncertain past and things that happened 20-30 years ago when he now certainly wants the best for Arsenal? Now he lives in England and if he was doing any criminal he would have been sent to prison by now

We know that Usmanov doesn’t want to own Arsenal primarily to make more money. He is also the president of the International Fencing Federation, FIE, and there is no money or prestige in that kind of business. It’s not like being president of UEFA or FIFA. Kroenke owns us because it’s a good investment and why should he really be concerned about Arsenal slipping to seven in Premier League and not buying any stars? Since he bought his shares last April the prize of the shares has raised from £11 500 per share to over £15 000 per share. With his 41 574 shares they have raised from £478 million to £636 million – an increase of £158 million in 8 months! Why should he concern about lack of quality in the squad or mediocre performances now?

In the real Arsenal world, we still haven’t replaced Cesc and Nasri with new players despite Wenger’s quotes on Arsenal.com where he told us he would never sell Nasri and if we did we had to replace him and show ambition. That was an indirect message to the board as Wenger are too proud and loyal to speak directly about the truth.

“And even if you lose Nasri, to find the same quality player, you have to spend again the same amount of money. Because you cannot say that you lose the player and you do not replace him.”

According to the Forbes list, Usmanov is the 35th  richest businessman with $17.7 Billion and Kroenke is 440th with $2.6 Billion – the same amount as Glazers but less then Steven Spielberg. Kroenke isn’t richer than the Glazer family which makes you wonder if he will really personally finance a loan with an interest of several millions each year when he will make his finally takeover. We, some of the Swedish Arsenal Supporter’s, fear that he will put the debt at the club as Glazers – considering his “lack” of cash to afford to buy Arsenal and considering his support of Glazers methods. Is that the reason we are saving money and don’t have as much as we think according to Winterburn? Are we saving to minimize the debt Kroenke will put on the club? We don’t know but we do know that:

* With all profits from recent years we should have over £100 million on bank accounts but Arsenal refused to sign any players (except Eisfeld) despite our injuries, our position in the table and the poor quality of the squad. No-one in the world understands why we didn’t buy in this situation.

*The club raised the ticket prices 2011 despite our big profit and our tickets already being the most expensive in Premier League.

*We borrowed Benayoun and Henry and wanted to borrow a left-back but in the end didn’t – when was the last time we wanted to borrow so much instead of buying? We are a top club.

*After Kroenke’s move last year we suddenly travel to Asia in pre-season to get more money. This year we are going to Nigeria despite Wenger prefers the harmony in Austria and despite the last tour may have affected our poor results this year.

* Arsenal have big staff under guidance of Tom Fox that works hard to raise the commercial revenues and they shall announce some new deals soon which should mean more money – but still we didn’t sign anybody this January.

*We bought Park but he never plays and will leave Arsenal next year to do military service. Did Gazidis want another Asian to sell shirts?

*It was Arsenal and not Kroenke who paid £3 million in transactions and professional advices when Kroenke bought shares 2011 which indicates that he wants the club to pay his business. Do we also pay his trips to UK and his luxury accommodation? Every board member receives some compensation but Lord Harris of Peckham decided to abstain his £25 000. The billionaire Kroenke did not abstain his money. See the annual report at Arsenal.com

We should be richer than ever but act like we are a poor club heading into administration. If you’ve got money, good business is not to be mean even if it’s a difficult economic climate. And if it’s the right way to do business right now then why do billionaires like Kroenke spend money to buy shares in clubs like Arsenal? He sees us as a good investment to gain more money and so shall also the club act – like Usmanov said in that interview. We should invest our profit in the squad as the best clubs and success gets the best commercial deals. But instead of doing that it seems like the club does everything to save money this season – the same period Kroenke will try to make his takeover.

It doesn’t make any sense that they didn’t try to strengthen the squad and at least show Robin van Persie we got some ambition. Now we all want to know where the money from all the profits we made during the years is. On our accounts? On Kroenke’s accounts? And how did Kroenke finance the shares he bought last year and plan to buy in the future? We don’t know anything and need answers now. We urge every supporter to support the team, the manager and the players at Emirates and away games but also to share this, highlight the situation, and try to stop Kroenke and the current board from ruining The Arsenal. COYG!

This is an Arsenal Opinion guest article from EKA and the Swedish Arsenal Supporters. These views are not necessarily reflected by Gooner Talk.


Leave a Reply

38 Comments on "Silent Stan – It’s all about the money"

avatar
Sort by:   newest | oldest | most voted
Mongolian Gooner
Guest

Hm a different perspective, and now Kroenke doesn’t look so okay any more. But Usmanov isn’t really a better option, is he? I’m pretty happy that Arsenal is a responsibly run and self-sustaining club. Do we even need an owner?

Judith Le'Strange
Guest
Kroenke should never have been allowed to buy a controlling interest in Arsenal if he’s not prepared to put his hand in his pocket like other owners and finance spending for a few decent players. However I understand he has problems with his own franchises in the US and as his wife has the majority of the money I have a feeling we will be left high and dry very shortly. Please allow Usmanov onto the Board who is a die hard Arsenal supporter and would be and was willing to clear our debts so we would have money for… Read more »
Archimedes
Guest
Good observations but a bit rambling article. Yes Arsenal fans better get used to the new Kroenke “reality”. His US assets are just rumbling along, they are part of closed circuits (can’t be relegated) so mismanagment won’t be punished so harshly as in Football. I hope he understands that there is no safety net and if most fotball clubs overspend above their means, you have to be prepared to play that game too occasionally. The acid test is if policing of financial fair play will work or not. If not, he does not have enough deep pockets and will probably… Read more »
Chrispy
Guest

Unfortuntely Usmanov is a die hard ManU fan!

Stefan_b
Guest
@Chrispy: Wrong! Usmanov is an Arsenal fan! From a interview in The Guardian: Usmanov is of the opinion that the manager Arsène Wenger needs to be given the financial backing to bring in experienced players to complement the talented young players they have. “There is a widely-held view among most commentators – and one that I agree with – that the club needs to stiffen the defensive spine of the team, with a dominant keeper, strong centre-halves and a powerful defensive midfielder in the mould of Claude Makelele,” he said. “The Premier League is one of the most competitive in… Read more »
Andy Mack
Guest

Usmanov probably will not go to jail (although saying he would heve done so by now is ludicrous). However if he was the owner and did have problems like the birmingham HK or Citeh Thai oweners, it could be a major problem for the club. Is it really worth taking that risk?

Is Stan a great owner? Only time will tell, but until the stadium debt is cleared and the FFP comes into force, we will not know (only guess).

John
Guest

Please tell me this article was satire

KnysnaGunner
Guest
What a load of crap. I will focus on just one point to illustrate the stupidity of this article. You write: “Do we also pay his trips to UK and his luxury accommodation?” Who are we? Arsenal Sweden? I wish you all would grow up and realise that sugardaddy owners are not sustainable. The club needs to be self-funded. Get over your obsession with buying. Who the fcuk should we have bought in January? Please first get consensus on that from all the keyboard football managers and then establish whether that player or players were available. We have an excellent… Read more »
KnysnaGunner
Guest

@Judith Le’Strange: It is laughable that you critise Kroenke for not digging into his own pockets. Are you prepared to do that? Would you contribute to us buying whoever it is you want us to buy in order “to show ambition”? And as for your comment about the board lining their own pockets – what evidence do you have of this? Or are you also just repeating crap that you have read somewhere else?

Alex
Guest
I’m curious how it is that we like more the guy that bought the Club and don’t go to the matches, says nothing then a guy go has a box at the Grove and reguraly attend matches. It’s not that Usmanov must be better then Kroenke, of course he had some criminal issues in the past. Usmanov said that given he has 30% he will reveal accounts. From my point of view it’s better then sitting on arse do nothing and wait for the worst. Clearly something is wrong there in the boardroom level and Usmanov in my opinion can… Read more »
James Dunmore
Guest
I’ve never been a Usmanov fan – mostly due to his murky past, and his dealings with the club initially. I also don’t buy into a suggerdaddy approach (i.e. roman albronavich). But, would I would support is if Usmanov came out and clearly said he wouldn’t borrow against the club to fund the take over, he would give some cash injection (not chelsea/city levels, but some) – then support a sustainable model and not take too much cash out of the club & leave wenger to it – I would support him. What we need from either Usmanov or Stan… Read more »
gunnerfan_slovakia
Guest

@KnysnaGunner: we are not saying that he sould buy aimleslly like man city or chelsea. the only thing we ask is to spend money gained by selling players on rebuilding the squad. nasrri and fabregas were sold and replaced by mediocre players for half of what arsenal got for those two. we dont want spending 50mil on toothless spanish strikers but we DO want like for like replacement when club sells a star player. this season a huge deal of bad managing was covered by RvPs form but who will step in his shoes once he s sold in summer??

Nick
Guest

Clicked Submit by mistake there, but I’m sick of arguing the point. At the end of the day you’re scaremongering based on no substantial evidence. You make all the decisions sound like they’re clear cut (spend money, get better players) but the reality is they’re not. You’re also judging Kroenke on what he could do, not what he has done.

Back the board, back the manager, back the players, back the team. Up the Gooners!

pacman
Guest

Well said Stefan B.

Everybody didnt want Uzmanov, but mr nice guy Kroenke who is just a silent fuck.

I don’t care if Uzmanov has done some criminal things. I care about Arsenal!

EKA - the author
Guest
I don’t want Usmanov either. But I’m not living in a fantasy world. This is the reality. Now it’s Kroenke or Usmanov and it’s not about who’s most nice or the friendliest guy – it’s about who wants the best for Arsenal and I think the Uzbek suits Arsenal better. I love Wenger´s bargains and I have never complained about them. I don´t like the way Chelsea or City do business and I don’t want a sugar daddy but there is nothing that says that Usmanov will be one just because Roman Abramovich is one. The new rules from UEFA… Read more »
EKA - the author
Guest

And thank you all for all positive feedback.

KnysnaGunner
Guest
@gunnerfan_slovakia: So Fabregas and Nasri were replaced by mediocre players? Would that include the Ox by chance? You have not said who you wanted the club to buy? Or even in which position. Nor do you know if the right quality players were available. So many fans are obsessed with buying and the example of Liverpool and Chelsea should by now have taught you something (Carol, Henderson, Torres, etc) There are a limited number of players in the world who are genuinely better than what we have at Arsenal, and even fewer who are available to be signed. This is… Read more »
n1 gooner
Guest

This is a top article and should be looked into even further.
Please can someone tell me if le-grove is Arsenal site or some spuds in disguise designed to upset the ranks.

They poor some of the poorest comment’s on show and crap like wenger’s a senile french prick and two bob comment’s like that through.But when you stick up for Arsene,your post does not even get on.So please no one tell me that they are Arsenal supporters,because they haven’t got the first clue how to support a football club.There more happy when we lose then when we win.

n1 gooner
Guest

Sorry was ranting in that last post and didnt read what i had wrote.Please don’t put that out.

But this is top draw and confirms what i have been saying about Kronke.Please get this guy out.

Andy Mack
Guest

EKA, Stan may only have 2.6billion in his name, but he has access to much more. His wife is one of the owners of Walmart and is wealthier than Stan. Usmanovs wife has nothing.
The bottom line is that they’ve both got more money than they need for AFC.

I should add that AFC shares haven’t paid any dividend for many years (maybe ever). Usmanov wanted to lend the club money (that they didn’t want) but for the club to start paying a dividend.

EKA - the author
Guest

Andy Mack
Stan’s wife is rich but she has nothing to do with Stan’s Sports business. It’s correct her family owns Walmart but they have nothing to do with Arsenal (the fact they own Walmart says nothing as they pay low salaries and dont support charity as much as they should). It’s irrelevant if Stan’s wife is richer than Usmanov’s wife.

KnysnaGunner
Guest

@EKA – the author: More evidence that you do not know what you are talking about, but just repeat crap from the negative blogs. Please do a proper comparison about ticket prices before you make the statement that Arsenal’s are the most expensive. Not true.

gunnerfan_slovakia
Guest

@EKA – the author: well paying low salaries kinda sounds like arsenal 😀

gunnerfan_slovakia
Guest

KnysnaGunner: who is then? and please include a link also

KnysnaGunner
Guest

@gunnerfan_slovakia: http://www.chelseafc.com/page/ExtraInformation/0,,10268~2363834,00.html Good luck with the comparison. If you look at season ticket prices, make sure you include cup and uefa competitions.

Carl
Guest
I think Usmanov suddenly looks an attractive option because he made very clear in the past that he wants to spend heavily. And spending is what 9 out of 10 Arsenal fans want right now. I’m not sure one or the other would be good. One man ownership looks like a dodgy model if you’re talking about a traditional club as Arsenal, still wanting to be successful for many decades to come. @KnysnaGunner: I think your comments about Swedish fans and watching it on the telly are totally inappropriate. I go to the stadium now and then, and I’m not… Read more »
Andy Mack
Guest

EKA, you misunderstand the point about Stans wife. Apart from her (co)ownership of Walmart she has her own wealth (cash in the bank rather than shares) and although it’s hers, if he wanted it (or there were tax benefits) a large proportion of it could become his (if you’re married you’ll understand). Stans wealth is greater than the forbes article suggests whereas Usmaovs may be, but not by much.

How they run walmart isn’t relevant to this ‘article’.

Judge Fred
Guest
How can anyone possibly be happy with the situation at Arsenal currently? Here is my scenario: I have 2 season tickets, one for me and one for my son. This is the 29th season in a row that I have had mine and the 8th in a row my son has had his. This year they cost us £2600 in total. Thats right £2600. And for what? To pay Diaby while he gets better? To pay Almunia until someone more stupid than us buys him? Or to pay half of Bendtner’s, Vela’s and Denilson’s wages while they are on loan?… Read more »
Nas
Guest

your idea was good in your article. Let say we bought player more than 80 million..what are the next your article will appear? is it you are MU fan? city fan? Arsenal are different with others football club…

sloppy_g
Guest

Sooner or later, we are gonna have a sugar daddy, regardless of whether we’re reluctant to have one or not. In this circumstance, i personally prefer to have a richer one or someone who’s more likely to dig into his pocket for the team, i.e. Alisher Usmanov.

Zh
Guest
As far as i’m concerned it is not the job of the owner to necessarily fork out to provide for the clubs progression. It is however their job show progression in the club on a footballing and business scale. While the latter is happening, the former is clearly not. Usmanov now has enough right to look through the books at Arsenal and divulge information relating to our Transfer Budgets and whether we have enough cash or not. I would personally prefer if our revenue streams were healthier, as it stands, we don’t earn anywhere near enough from sponsorship and are… Read more »
trackback

[…] What’s definitely unhelpful is the fact that there are contrasting reports on this as this anti-Kroenke and this pro-Kroenke article shows. Roy Keane’s said this is the worst Arsenal side […]

CockneyStu
Guest
to QUOTE “KnysnaGunner says: February 8, 2012 at 11:07 am @Judith Le’Strange: It is laughable that you critise Kroenke for not digging into his own pockets. Are you prepared to do that? Would you contribute to us buying whoever it is you want us to buy in order “to show ambition”?” Sorry mate but for 37 of my 41 years on this planet, I as well as many of my Gooner family and friends, have dug into our own pockets and have contributed to us buying players, by following the team everywhere and buying club merchandise. We are the life… Read more »
CockneyStu
Guest

@Judge Fred: Well said Judge, I think you and I are on the same wavelength here, but then again from reading your comment, we probably have a lot in common than most.

Archimedes
Guest
The oil money at Citeh confirms the final leg and now everyone else is doomed to fail in the financial arms race. Roman is spending less at Chelsea so he may also have realised that. Hence the optimal alternative for a minor billionaire is to bleed less and play for time until financial fair play is effectively policed or something else which can level the playing field. Or as Roman also found out is that overspending only buys temporary advantage because even expensive players have a limited shelf life and it is a wealth transfer. For a while Premier League… Read more »
sonny6000
Guest

Damn, I knew that the evil tandem of Kroenke and Hill-Wood will ruin the great club! They haven’t yet, but had a brilliant start. Sell the needed amount of shares to Usmanov – let us have some joy at least! Abramovich spent shitloads of money back then, and got CL and stuff. Why can’t Usmanov be so useful for the club, huh ?

chukx d gooner
Guest

With d benefit of hindsight now that the season has come to an end and d transfer madness has startd and d article about PHW ws publishd. Theres only one option Usmanov in Kroenke OUT! In one deal wit facebook Usmanov made more money than Kroenke’entire wealth. So much 4 Kroenke’s wife. Time to get Stan out

trackback

[…] Related Article: Silent Stan – It’s all about the money. […]

GOT A
GOOD STORY?
WRITE FOR US