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Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 7:42 amby mr_nool
Sorry if done already!
http://www.sportbusiness.com/news/174894/arsenal-on-brink-of-takeover?utm_source=sbinsl&utm_medium=email&utm_campaign=apr13
A takeover at English Premier League club Arsenal looks imminent after shareholder Nina Bracewell-Smith decided to sell her stake of nearly 16 per cent.
Bracewell-Smith’s decision was reported yesterday by London newspaper the Evening Standard, which said US financial advisors Blackstone had been appointed to find a buyer.
Two of the club’s other shareholders, billionaires Stan Kroenke and Alisher Usmanov, want control of the team, and if either buy the stake, they will go over a 30 per cent shareholding threshold that demands a mandatory takeover bid.
Bloomberg reports that the deal would probably value the club at over £500 million, making Bracewell-Smith’s holding worth £80 million.
Rival Premier League club Liverpool are also nearing a change of ownership. Reuters reports an unnamed source as saying that the club’s US owners Tom Hicks and George Gillett are ready to sell their entire shareholding. Banking group Barclays are expected to be appointed to manage the sale.
Re: Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 10:14 amby Vhero
Wouldn't change anything really just shuffles the boards power about a bit. In fact it might hurt them a little as they will probably put less money into the team after a big pay out like that.
Re: Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 10:20 amby bobadji
Once the stadium is paid off, Arsenal will quickly become one of the richest in the world.
Re: Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 10:57 amby Niall Quinns Discopants
bobadji wrote:Once the stadium is paid off, Arsenal will quickly become one of the richest in the world.
They already generate ridiculous income so you are spot on. Arsenal will be the one's to watch out in about ten years.
Re: Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 11:01 amby MaineRoadMemories
A mega rich club with Wenger The Economist who refuses to pay over £14million for anybody. The fans will be happy :-D
Re: Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 4:31 pmby Vhero
MaineRoadMemories wrote:A mega rich club with Wenger The Economist who refuses to pay over £14million for anybody. The fans will be happy :-D
Indeed they can buy a shit load of 14 year olds though and hope they become good like they been doing for years. They done well so far..
Re: Arsenal on brink of takeover
Posted:
Tue Apr 13, 2010 4:33 pmby BmoreBlue
Kroenke is trying to buy an NFL team right now - the St Louis Rams, so i wonder if he has enough liquidity to make a full takeover bid