Friday, July 20, 2007

Say it Ain't So

Stan Kroenke is poised to for a take-over bid pending David Dein's cooperation.  It seems like the plan is to make David Dein chairman should the bid be successful.  When Satan Kroenke first showed signs of interest, I was not against it.  With the way the ownership of Chelsea, Manchester United and Liverpool have gone, new ownership be it English or foreign seems to be inevitable.  To be able to compete with the spending power of the aforementioned clubs, an injection of cash is required.  This is such an attractive position for any capable investor because despite the debt incurred by the new stadium, the outlook is very bright.  The Arsenal is one of the best, if not the best, in efficiency based on profit-loss ratio.  As long as Arsenal competes in the Champions League, it seems there is no way for the club to be in the red.  A take-over would be good for the club.

Why do I not like Kroenke? Obviously the man knows how to make money.  You do not become that wealthy because you are an average businessman.  It seems like he is a very wise investor, which is why he desires Arsenal so much.  So, why do I not like him?  I have come to the conclusion that he does not care about Arsenal or at least follows current events.  He seems clueless about the club.

It is no secret that Arsene Wenger wants to keep Arsenal English .  And with speculation rife about Wenger extending his contract or not, and after Thierry Henry is sold to Barcelona, rumours of Cesc Fabregas moving to Madrid and Wenger being enticed by Barcelona.  Arsenal was described as a club in turmoil.  Fortunately, Wenger has signed Eduardo da Silva and Fabregas has pledged his future to Arsenal.  This helped in reducing the unrest within the club.  Wenger, in the meanwhile, remains vague about his future.  He says "I will come out at the right time ... maybe when you don't ask me the question. "

So, while the club is recovering from a stressful period, Wenger still has not signed a new contract, and Wenger has stated his dislike for foreign ownership, WHY WOULD YOU MAKE A  LOT OF NOISE ABOUT A TAKEOVER? 

If Kroenke knew a bit more Arsenal, or at least hired somebody who knows about the Arsenal, wouldn't he just wait a little bit?  At least until Wenger makes a decision?  Wenger is a man of his word, and if he signs a contract he will see it through.  Especially if David Dein is in the picture.

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