Title: Kroenke Buys More Shares
Oh Rocky Rocky - May 12, 2009 10:25 AM (GMT)
In Lehmanns Terms - May 12, 2009 10:57 AM (GMT)
:dance: :dance: :dance: :dance:
Can't wait for him to sink his teeth in next season.
As long as it keeps Usmanov out of the picture!
Can't wait for him to sink his teeth in next season.
As long as it keeps Usmanov out of the picture!
Jens' Face - May 12, 2009 03:13 PM (GMT)
| QUOTE (In Lehmanns Terms @ May 12 2009, 05:57 AM) |
| As long as it keeps Usmanov out of the picture! |
also in Kranky news: his basketball team is on the verge of reaching the SF of the NBA championship. They're a darkhorse to win it all.
bergstar - May 13, 2009 07:56 AM (GMT)
| QUOTE (Jens' Face @ May 12 2009, 04:13 PM) | ||
also in Kranky news: his basketball team is on the verge of reaching the SF of the NBA championship. They're a darkhorse to win it all. |
Any decent CB's in that side ?
Jens' Face - May 13, 2009 04:18 PM (GMT)
he could do a job, maybe
though, fair warning -- he is Brazilian
though, fair warning -- he is Brazilian
The Wengerbabies - October 22, 2009 11:39 PM (GMT)
| QUOTE |
Stan Kroenke's silence may offer hint over Arsenal takeover intentions • US businessman fails to offer clarification at club's AGM • Denial of takeover wish would rule out offer for six months Stan Kroenke maintained the silence he is famous for when Arsenal's shareholders sought clarification of his intentions at yesterday's AGM. In building his stake in the club to almost 29% the US billionaire has been the subject of an investigation by the Takeover Panel, the regulator of stockmarket-listed companies such as Arsenal. That came about after his rival shareholder in the club, Alisher Usmanov, lodged a complaint over suspicions that Kroenke was acting in concert with another senior shareholder, Danny Fiszman. So angst-ridden is the atmosphere that the club's chairman, Peter Hill‑Wood, said the city regulator was "breathing down our necks" and had silenced Silent Stan, as he is known back in his homeland. But Kroenke's inscrutability invites serious questions. Under the City Code – the rules that govern listed companies – a statement to shareholders would have been treated as binding. Had he reassured them he does not intend to launch a takeover for Arsenal, it would have had tangible consequences. The Code states: "The person making the statement may [not] within six months from the date of the statement announce an offer or possible offer for the offeree company." This means that, if you say you will not bid, then you cannot bid for fully six months. Was it Kroenke's reluctance to be constrained by those terms that kept his mouth shut? Even his advisers refused to illuminate in private. Everyone around the club says he is content to stay as the biggest single shareholder without making Arsenal his own. But that message would be much more compelling from Kroenke himself – and something is stopping him from making it. County's hefty stamp Sven-Goran Eriksson has made clear he will remain with Notts County after the Football League's approval of Qadbak's takeover of the club three months ago. But will he ever get the money he was promised by the owners through the shareholding they gave him in Swiss Commodity Holding? Well, before going offline for a number of weeks the Zurich-based company's website claimed to have SFR160bn (£100bn) of assets under management. Having been set up only in March, with the sole directors Nathan and Peter Willett – both closely involved at County – the transfer of such an enormous amount of assets would, under Swiss law, require the payment of a 1% stamp duty. In line with its inability to discuss individual cases, the Federal Tax Administration in Switzerland refused to confirm whether SCH had made payment of what would amount to £1bn. But if a single, newly incorporated company were to make a payment equivalent to 0.7% of the country's entire annual tax receipts, that would be newsworthy in Switzerland, no? Yet no one has heard tell of such a fabulous windfall. |
McNamara That Ghost... - October 23, 2009 11:49 AM (GMT)
Just showed on SSN Bryan Swanson's attempt to interview Kroenke. Rather than ask the guy an approachable question and then ask about his possible takeover intntions he just comes out rightly and says whilst he is walking past "are you intending to take over at Arsenal?"
Kroenke just laughed to himself.
Bryan Swanson is a moron.
Kroenke just laughed to himself.
Bryan Swanson is a moron.
The Wengerbabies - October 23, 2009 12:14 PM (GMT)
| QUOTE (McNamara That Ghost... @ Oct 23 2009, 12:49 PM) |
| Bryan Swanson is a moron. |
:goodpost:
tech12 - October 23, 2009 07:51 PM (GMT)
I would think it's pretty obvious he is planning on taking over at some point. There would be no reason to invest so much without wanting to own the whole damn thing.
I'm pretty sure he doesn't have enough money to pay with cash though. So I worry if we're going to get saddled with debt like United.
I'm pretty sure he doesn't have enough money to pay with cash though. So I worry if we're going to get saddled with debt like United.
JackTheLad19 - October 27, 2009 04:24 PM (GMT)
He's bought 10 more, 1% away now
Ach - October 27, 2009 04:27 PM (GMT)
From what?
Little Miss Gooner - October 27, 2009 04:28 PM (GMT)
| QUOTE (Ach @ Oct 27 2009, 04:27 PM) |
| From what? |
winning a trophy
The Wengerbabies - October 27, 2009 06:58 PM (GMT)
| QUOTE (Little Miss Gooner @ Oct 27 2009, 04:28 PM) | ||
winning a trophy |
Thats 2% away
Jack Bauer - October 27, 2009 07:21 PM (GMT)
| QUOTE (Ach @ Oct 27 2009, 04:27 PM) |
| From what? |
World domination.
tech12 - October 28, 2009 12:40 AM (GMT)
Is anyone else worried about how he's going to finance these purchases? He doesn't have enough money to buy AFC. According to the papers he didn't even have enough money to buy some of the shares to get to 30%. According to the papers, he had to borrow quite a bit to make this happen.
MUFC, anyone?
MUFC, anyone?
TheJoyOfCesc - November 3, 2009 08:58 AM (GMT)
Talk this morning that he's bought another 427 shares.
A few months ago he needed 650 odd. If true then this would take him very close to a takeover. Still don't think he'll make another move until the summer though.
A few months ago he needed 650 odd. If true then this would take him very close to a takeover. Still don't think he'll make another move until the summer though.
TheJoyOfCesc - November 3, 2009 09:07 AM (GMT)
| QUOTE (TheJoyOfCesc @ Nov 3 2009, 08:58 AM) |
| Talk this morning that he's bought another 427 shares. A few months ago he needed 650 odd. If true then this would take him very close to a takeover. Still don't think he'll make another move until the summer though. |
The figure now is 29.6% apparently. He needs 29.9 to launch a takeover (I think).
Flava Flav - November 3, 2009 09:25 AM (GMT)
| QUOTE (tech12 @ Oct 28 2009, 12:40 AM) |
| Is anyone else worried about how he's going to finance these purchases? |
erm, his wife owns Wal-Mart so i think he can spare a bob or two
Flava Flav - November 3, 2009 09:25 AM (GMT)
| QUOTE (TheJoyOfCesc @ Nov 3 2009, 09:07 AM) | ||
The figure now is 29.6% apparently. He needs 29.9 to launch a takeover (I think). |
yeah and i am not going to sell him my 0.3 shares :sulk:
TheJoyOfCesc - November 3, 2009 09:37 AM (GMT)
Breaking news on SSN now. I'm hours ahead of them tbh. :coffee:
The Wengerbabies - November 3, 2009 05:33 PM (GMT)
| QUOTE (TheJoyOfCesc @ Nov 3 2009, 09:37 AM) |
| Breaking news on SSN now. I'm hours ahead of them tbh. :coffee: |
You're their source tbf :coffee:
PGFC - November 5, 2009 09:35 AM (GMT)
He's up to 29.9% now :coffee:
TheJoyOfCesc - November 5, 2009 09:36 AM (GMT)
| QUOTE |
| Morning all, I just recieved this. Holdings in the Company The following announcement has today been made on the Plusmarkets website On 4th November 2009, Arsenal Holdings plc (the “Company”) received notification that on 4th November 2009 KSE, UK, Inc (“KSE”), a company controlled by Stan Kroenke, a Director of the Company, acquired 200 ordinary shares of £1.00 each in the Company (“Shares”), at a price of £8,500 per Share. Following the acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over, 18,594 Shares, representing 29.9% of the issued Shares. 100 of the Shares acquired by KSE were sold by Peter Hill-Wood, the Chairman of the Company. Following the sale, Peter Hill-Wood has a beneficial interest in, and controls voting rights over, 400 Shares, representing 0.6% of the issued Shares. |
That would be 6 shares short if this is right.
Elche - November 5, 2009 09:42 AM (GMT)
| QUOTE (TheJoyOfCesc @ Nov 5 2009, 10:36 AM) | ||
That would be 6 shares short if this is right. |
Thats right.
Either hes done buying, or he'll launch a takeover...6 shares is only a few quid.
Combining the board's share takes them over 50% as well. So even if the Russian bought more..he wouldn't be able to topple Stan and the board.
Arshavinslittlelegs - November 5, 2009 09:50 AM (GMT)
Apprehnsive about this. Really do not want the club to be owned by anyone. Its a self-sustaining business..we do not need anyone who may saddle us with debts...look at the mancs, the scousers...and the list goes on. Not the distraction we need given we've hit the groove on the pitch.
TheJoyOfCesc - November 5, 2009 09:51 AM (GMT)
I'd still be shocked if he did launch a takeover before the summer at least. If he was to buy the remaining shares now then he'd have to pay the highest 12 month price for shares which would be £10, 500. Not sure I can see him buying them for £2,000 more per share than in a few months.
FF4 - November 5, 2009 11:25 AM (GMT)
| QUOTE (Arshavinslittlelegs @ Nov 5 2009, 09:50 AM) |
| Apprehnsive about this. Really do not want the club to be owned by anyone. |
Do you mean you dont want it owned by ONE person? It has to owned by someone!
Arshavinslittlelegs - November 5, 2009 12:22 PM (GMT)
| QUOTE (FF4 @ Nov 5 2009, 11:25 AM) | ||
Do you mean you dont want it owned by ONE person? It has to owned by someone! |
:bow: Where would we be without pedantic people...
Anyway...GO AWAY Kroenke or I'll burn your moustache!
Save me Jebus! - November 5, 2009 12:49 PM (GMT)
| QUOTE |
| Arsenal director Stan Kroenke has moved to the brink of the threshold where he would have to make an offer for the entire stockholding of the club. The US billionaire has bought another 200 shares in Arsenal's holding company, at £8,500 each, taking his shareholding to 29.9%. Mr Kroenke bought 100 of the shares from Arsenal chairman Peter Hill-Wood. He is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares. The Denver-based businessman's latest acquisition cost him £1.7m ($2.8m). Mr Kroenke, who owns the NBA's Denver Nuggets and Colorado Rapids MLS football team, has been gradually increasing his stake in Arsenal this year through a number of share deals. As well as Mr Kroenke, the other major shareholders are Uzbeki tycoon Alisher Usmanov, who holds a stake of about 25%, Danny Fiszman, and Lady Bracewell-Smith. Following his sale of 100 shares to Mr Kroenke, Mr Hill-Wood now holds 400 shares, representing 0.6% of the issued shares in the club. According to the Arsenal Supporters' Trust, roughly 13% of the club's shares are held by small shareholders. Earlier this week the fans' group said it believed in "plurality of ownership" at the club. |
CK's Korma - November 5, 2009 12:54 PM (GMT)
This is sad, not that I really have any objections to Stan taking over but it's nice to be the only top club that hasn't sold out.
Take that notch off our morally superior cup.
Take that notch off our morally superior cup.
Save me Jebus! - November 5, 2009 01:38 PM (GMT)
| QUOTE (CK's Korma @ Nov 5 2009, 12:54 PM) |
| This is sad, not that I really have any objections to Stan taking over but it's nice to be the only top club that hasn't sold out. Take that notch off our morally superior cup. |
It really is slipping away from us this season isnt it....
We'll probably end up winning one of those PL or CL cups instead this season :sulk:
In-Two - November 5, 2009 02:45 PM (GMT)
To Clarify the rules on Share holdings and notification.
Arsenal have 62217 shares in issue according to the latest report and accounts.
If an individual buys shares and it takes them over 3% of the issued capital this must be notified.
Subsequent to breaking the 3% rule any share transactions that take the holding through an integer must be published. Thus an increase from 8.2% to 8.8% need not be declared but an increase from 7.999% to 8.0001% must be published - similarly if holdings fall through an integer.
If a persons holding goes through 30% they must make a bid for the company.
Thus their is no reason why Stan Kronke's small purchases need to be published (unless he is doing it to let other people know what he is doing and who from eg 100 of latest purchases was from PHW).
If his holding goes above 30% (18665 shares for Arsenal he must make a bid) - this means he can purchase another 71shares (18665- 18594) before he needs to make a bid.
Hope this helps.
Arsenal have 62217 shares in issue according to the latest report and accounts.
If an individual buys shares and it takes them over 3% of the issued capital this must be notified.
Subsequent to breaking the 3% rule any share transactions that take the holding through an integer must be published. Thus an increase from 8.2% to 8.8% need not be declared but an increase from 7.999% to 8.0001% must be published - similarly if holdings fall through an integer.
If a persons holding goes through 30% they must make a bid for the company.
Thus their is no reason why Stan Kronke's small purchases need to be published (unless he is doing it to let other people know what he is doing and who from eg 100 of latest purchases was from PHW).
If his holding goes above 30% (18665 shares for Arsenal he must make a bid) - this means he can purchase another 71shares (18665- 18594) before he needs to make a bid.
Hope this helps.
Whatever - November 5, 2009 05:41 PM (GMT)
kroenke can fuck off
Vermination - November 8, 2009 12:06 AM (GMT)
| QUOTE |
WENGER IN QUIT THREAT OVER TAKEOVER Kroenke helping to protect Arsene's position By Rob Shepherd, 07/11/2009 ARSENE WENGER has threatened to quit Arsenal if Russian oligarch Alisher Usmanov wins the battle to seize control of the club. I understand Wenger has made it plain to the Gunners board he will not work under Usmanov and would move to Real Madrid instead. And that is one of the reasons behind Stan Kroenke's stealthy takeover at the Emirates. The American billionaire has taken his stake in the club to just less than the 30 per cent needed to spark a takeover bid, leaving Usmanov puzzled at his motives. However, senior Arsenal sources believe Kroenke's attempt to push Usmanov out of the picture is to help protect Wenger's position. The Gunners boss has no interest in the lavish promises Usmanov has made in an attempt to win his battle for power. The Russian has said that if his Red and White group seizes control of the club he would inject over £100 million to strengthen the Arsenal squad. After Arsenal were knocked out of last season's Champions League by Manchester United, Usmanov went public - insisting Wenger should buy big. But the Arsenal boss remains convinced his policy of developing a new team based on nurturing young players rather than importing expensive superstars is the way ahead. An Arsenal insider said: "If somehow Usmanov managed to take control then Arsene, who is otherwise utterly loyal to the club, would quit. "He doesn't want any owner interfering with the way he is developing the team. He has long been resistant to bringing big money signings in. "He has a plan and everyone is seeing it come to fruition. That's not to say along the way he won't bring in some players but he will only do so on his terms. Arsene has made the board very aware of that and that he couldn't work with an owner who insists on spending big money on new players. "As it stands Arsene is happy working with Kroenke on the board because he has shown no interest in interfering. The same can't be said for Usmanov." Last summer Wenger turned down a firm offer from Madrid to move to Spain. It was not the first time Madrid had come calling but Wenger remains adamant he won't break his contract. Establishment That would change if Usmanov eventually won what has become a cold war with Kroenke. Indeed, I understand Wenger would not only move on to Madrid he would seek to take some of his best young players such as Cesc Fabregas with him. As it stands Usmanov owns 23 per cent of the club, while Kroenke this week took his stake to a fraction under 29.9 per cent - the point at which a formal takeover bid is required to be lodged. But Usmanov, who has not been welcomed onto the board, could yet scoop up enough shares to go beyond the 29.9 per cent barrier - especially as 15.9 per cent shareholder Lady Bracewell Smith has fallen out with the club. Even if Usmanov did own in excess of 30 per cent and trigger a takeover bid it is believed there would still be enough votes to reject it, maintain the status quo and eventually force the Russian into retreat. Wenger's position will only harden the resolve of the Arsenal establishment. A further concern is that for Usmanov to fund a full takeover, which could value the club in excess of £700m, he would have to borrow heavily. City experts predict that Arsenal could quickly find themselves in a situation like Manchester United where the owners - the Glazer family - have borrowed massively and the club is straining under huge annual interest payments. |
http://www.newsoftheworld.co.uk/sport/arse...R-TAKEOVER.html
Seems that Kroenke has the blessing of Arsene, if only just to stop the Usmanov.
Maybe the whole thing has been one carefully elaborated plan and once Kroenke goes past 29.99%, he'll have to make an offer for the club at the highest share price he paid i.e £10,500 and Usmanov realising that there's no way he can get control of the club sells to Kroenke, and is able to make a slight profit while the others Fizman, Nina etc, don't accept Kroenke's offer and thereby maintain the multi ownership structure whilst at the same time getting Usmanov out of the picture.
Jack Will Score - November 8, 2009 08:31 AM (GMT)
interesting....
from the point of view of a businessmen I'd have thought wenger's approach would be acheap good one, not sure why usmanov would want to burn half a billion to buy the club and then chuck 9 digit figures into transfer spending when we don't need a chelski/citeh type ott spending spree. we've been a big club for a lot longer and have better players than they did when the owners came in. not sure where £100m worth of players could go unless you bought two gallactico type players.
from the point of view of a businessmen I'd have thought wenger's approach would be a
McNamara That Ghost... - November 8, 2009 09:34 AM (GMT)
Right...so Wenger would leave Arsenal because of interference and go to Real Madrid instead?
:lol:
:lol:
hymppi - November 8, 2009 11:45 AM (GMT)
| QUOTE (McNamara That Ghost... @ Nov 8 2009, 10:34 AM) |
| Right...so Wenger would leave Arsenal because of interference and go to Real Madrid instead? :lol: |
exactly :doh:
i'm not saying there's nothing in that story, wouldn't want to work with usmanov either.
but real marketing? phleaze.
Jens' Face - November 8, 2009 01:40 PM (GMT)
truth in the story or not, it can only be a good thing for the word to get out there that Arsene would leave the club if Usmanov took over.
AW might well have non-footballistic reasons for that, as well. He's clearly an ethical person, and Usmanov is just as clearly, well, not.
AW might well have non-footballistic reasons for that, as well. He's clearly an ethical person, and Usmanov is just as clearly, well, not.
McNamara That Ghost... - November 8, 2009 07:56 PM (GMT)
It's hardly good if it is in fact a load of rubbish and everyone inside the club knows that to be the case.
Milla - November 8, 2009 11:57 PM (GMT)
| QUOTE (McNamara That Ghost... @ Nov 8 2009, 10:34 AM) |
| Right...so Wenger would leave Arsenal because of interference and go to Real Madrid instead? :lol: |
:goodpost:
NOTW :haha: