Kroenke talks at AGM – no board place for Usmanov

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Arsenal owner Stan Kroenke addressed the club’s AGM  today and spoke about his involvement with the club. As the Chief Excecutive, Ivan Gazidis, and Chairman, Peter Hill-Wood stressed the club would continue its self-sustainable model, Kroenke revealed the process which brought about his association with Arsenal.

“We are involved extensively in sports in the United States”, he said “and had lots of opportunities to involve ourselves in lots of clubs around Europe and in the Premier League. We did not have an interest, but as we became involved with Arsenal in a commercial undertaking in Denver, I became more interested.

“What a wonderful club. Arsenal has all the elements that you need to have success in this kind of business. Tremendous management at the top, a wonderful manager on the pitch who makes great decisions in regard to personnel, and a tremendous following with the supporters.

“With all those things in place, it was an easy decision for us to get more involved. We are glad to be here, are happy with the direction of the club and are here for the long term – we love London, you had better get used to seeing us, because we will be around.”

There was some reported discontent from the floor when asked why Red and White holdings, owned by Alisher Usmanov, were not being given a place on the board. Hill-Wood said, “We don’t wish to change the constitution of the board”, and when you consider that Danny Fiszman was the driving force in ensuring that it was Kroenke, rather than the Uzbek that took control after his death, it’s understandable.

Quite why Red and White are portrayed as knights in shining armour is hard to fathom but clearly they had supporters at the meeting today.

A fuller AGM report will be posted later this afternoon.

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zefrogi
zefrogi

Usmanov > Kroenke.

eddymc2

In fairness, Usmanov does have a larger body mass than Kroenke does.

Sim

Really? What successful sports teams does Usamov own?

CAGooner
CAGooner

What successful sports teams does Kroenke own?

the only sam is nelson
the only sam is nelson

the credulity of people who believe that man utd supporting usmanov wants to spunk money at arsenal like some kind of porn fire hydrant is worrying

Anton
Anton

Nothing much new there then. They could of just given a statement to the press for that.

Anton
Anton

No matter how you look at it, it does seem ridiculous that we have 2 of the most richest men in the world owning the club, but we struggle financially just to keep our best players.

Yes I understand, ‘self sustaining’, but if we want to continue to be a force as they state, then we are going to have to invest some top money soon or face being out of the top 4 in the near future.

Lord_Macho
Lord_Macho

Anton, you have a point there mate.
They could definitely get some top players in (and as well keep the ones we already have) and still operate the ‘self sustaining model’…bla bla bla

the only sam is nelson
the only sam is nelson

sorry to tell you lord macho but top players cost money – and lots of it – which rather torpedoes your theory that you can operate a self sustaining model in which you ignore expenditure

spending the surplus raised from transfers this year *in one go* would also fuck it, unless you decide that you’re going to maintain that level of income through… player sales!

if some of that surplus goes on RVP’s salary then we probably won’t mind and it’ll amortise over the length of his contract etc etc and so on.

meh

Steven Baptiste

The money available also needs to be used on wages and signing-on fees. It’s not actually that much money when you work it all out

Scribblers
Scribblers

To be fair, we’ve also taken Fabregas, Clichy and Nasri off the books, Fab being our biggest earner for a while, so there’s definatley space for more players.

We’ll also soon right off Almunia, I think Denilson’s wages are being covered by his club, don’t know whether we’ll sell Bendtner or not but Sunderland are almost certainly covering that. So we’ll either sell him for I’d guess around £5-10M depending on his season or keep him and hopefully sell Chamakh. Chamakh’s still got a reputation in France, so while we probably won’t get him for Millions, they’ll be some cash and his wage written off.

Still baffled as to why we didn’t take that 10M dor Diaby, would have been an absolute killing.

Basically, however you look at it, we’ve got a decent “WAR CHEST” and if we manage it well, decent wiggle room on wages. Now while I’m sure the five new singings arn’t adding no weight to our books, most of them can’t be huge.

the only sam is nelson
the only sam is nelson

did PHW give an exclusive quote to the Daily Star about Usmanov, saying “we don’t need his sort here”?

deja vu and all that

Rob'67
Rob'67

The only thing Hill-Wood wants is for Hill-Wood to stay as Chairman until the day he croaks. He really does have a nerve to say we want to keep the current Board’s composition.

Before Kronke took control, Hill-Wood kept telling us how great it was that we had multi ownership with several large shareholders. Now we are asked to worship at the feet of a man he openly derided when the Yank purchased Granada’s shareholding and said “we don’t want his sort round here”.

The stench of self serving hypocracy from H-W beggars belief. You’d need a brass neck the side of a Giraffe to get away with it.

Alpha t
Alpha t

PHW invented hypocrisy!
Which in itself is an achievement, but why does he have to be our chairman?
The guys as old skool as it gets.

Mohited
Mohited

Who cares! Me I cant shout o, Kroenke shud make sure Arsenal wins at least a trophy b4 2014 world cup in Brazil or else………………..

The Noise
The Noise

Usmaov can’t be any worse than the greedy scum c*nuts we’ve currently got running the club at the moment…

“We’re skint at the moment… So we’re sticking the prices up 6.5%… Don’t like it? TOUGH!…
By the way… Bonus all around for us!!!”

DanTheGooner
DanTheGooner

usmanov/kroenke whats the difference? all will run the club in the same “self-sustaining” model imo – Usmanov might initiate the taking of dividends, Kroenke it seems hasnt so far. so all seems to be running in a sensible non-championship manager/fantasy football way if you ask me.

Jim
Jim

These guys are involved because they are first and foremost businessmen. They came here to ‘make’ money, not ‘donate’ it. Yes, there’s the ‘speculate to accumulate’ debate but have Chelsea run at a profit since RA took over? Will City ever make their money back? I very much doubt it… You cant expect the owner of the company to cough up his own personal money year after year, the business needs to run itself. Could however have coughed up a 60 million quid bridging loan at the start of the summer and Arsenal could have replaced Nasri & Cesc earlier, sold them later & paid back the loan. That’s what should have happened. AW would have had the whole summer to get the team ticking as opposed to the first Half of the season.

eleanor
eleanor

Anyone who really thinks Usmanov could be Arsenal’s saviour is seriously deluded. And while I understand some people’s frustration that we’re not spending the appropriate levels of transfer money stroke wages – whatever the answer is, it’s not Alisher Usmanov.

It’s got nothing to do with the fact he’s a big yellow Vogon. It’s his track record. It’s who he is. It’s what he’ll do to the club given half the chance.

Vogons destroy things for fun (and their poetry is crap too).

Rob'67
Rob'67

“With all those things in place, it was an easy decision for us to get more involved. We are glad to be here, are happy with the direction of the club and are here for the long term – we love London, you had better get used to seeing us, because we will be around.”

Well Chee-Whiz Stan that’s just hunky dory. Anyone might think someone once said “we don’t want your sort round here.”

As for those scoundrels Red and White Holdings getting a place on the Board ! The very nerve of the idea. Anyone would think they owned thirty percent of the Club or something.

Actually they only own 29. something – but the sooner they get to 30% the better as this gives Usmanov access to the accounts and stops Kronke syphoning money out of the Club to pay for the Shares he’s purchased but has not – as I understand it – yet paid for.

Not of course that our Walmart loving friend would ever dream of such a thing to begin with. But just in case……..

Voldermort
Voldermort

This summer was a embarrssin shambles lets see what happens in January, hopefully we will handle things better and have learnt the lessons, arsene and the players have dug us out the whole the board put us in with the summer dealings and with the
Millions in the bank for possible signings in January il reserve my judgement on the board until then. We need signings to push on let’s see if the board agrees or just want to bank the money.

Alpha t
Alpha t

Lol, January signings??? thats laughable.
We wont sign anyone! You should know this by now.

Naija Gunner
Naija Gunner

Like someone says earlier “we have two richest men running the club and still struggle financially” makes me wonder, what on earth do we use THEIR billions for?

Steven Baptiste

We don’t but you don’t become a billionaire by throwing money around.

All loans have been paid off and now it’s just the stadium that needs sorting with new sponsorship deals available at the end of 2012. The financial situation will be finalised by the end of net year and then Wenger will reap the rewards of his own ability to keep us competitive while making sure we clear debts ASAP.

ManBearPig
ManBearPig

Usmanov may not be the answer however, if you google the supporters blogs for the other Kroenke Inc. franchises (Broncos, Rams, nuggets etc) they are all Mid table dross… Profitable but average performers… Rams were NFL champions when he took over & now look at em’….
As I said before, Usmanov is not the answer however, I do know that he was an Arsenal supporter and went to quite a few games while he was a student in London…. also, he was regularly at matches for years before all this takeover mlarky started… Just coz he’s a Russian Oligarch don’t mean that he is all bad. I would argue that there have been more yanks that have cunted prem clubs than anyone else…

grayfox001
grayfox001

Can I ask how you know he was a Arsenal supporter?

Seems to be a few conflicting stories about this (stories about his office being full of ManU gear).

ManBearPig
ManBearPig

Years ago, during the Viera days, just when the rumors about a Russian investing in a london club were just starting, there was an interview with the fat uzbeki cunt on Russian tv after a game at highbury that my mate Boris kindly translated… Yes, i was in moscow at the time… It was in that interview that he mentioned watching the arsenal as a student…. Oh, and he denied being the Oligarch the rumors were about.

Lulu
Lulu

I wonder who Ian wright and George graham sold their shares to? I don’t think a major shareholder should be denied a place on the board on democratic grounds, but the people who sold shares to someone as questionable as Usmanonov clearly only had lining their own pockets as a motive.

maddo
maddo

At £15,000 per share…. Ian Wright and George Graham must have need for the money

arsekz
arsekz

we have only one saviour – and he carries no 13

Stab John Terry in the Face Foundation
Stab John Terry in the Face Foundation

I thought the idea in business was to (if you wanted growth and successful turnovers) actually invest in your investment in order to grow the business?

If we invested in our ‘project’ with a bit more ambition with what we had, we wouldn’t be trying to blood in 6 or 7 new players after 2 of our best have just fucked off, just to keep up with where we were, which was considered at the time, not even good enough then.

Voldermort
Voldermort

@manbearpig ya can’t say that on here mate they love the American and hate the russian. If this summers shambles is how he is happy to run our club then it ain’t a good start. Not saying the Russian is the answer but am sure this American isn’t either.

ScotchEggsRule
ScotchEggsRule

Neither are particularly appealing, but it seems the moment anyone slag’s off Kroenke, people automatically assume you want to see Usmanov in place which is an idiotic bit of conclusion jumping.

Personally I don;t care for either, this summer was a complete cunt fest for Arsenal fans and Kroenke and Gazidis over saw it and have not even come close to admitting they would of done things differently. Usmanov comes across as a particularly unappealing character also so it’s a case of “between a rock and a hard place”. I just wish those that are so pro Kroenke wouldn’t be such complete dicks when someone says that they don’t particularly like him or want him in owning Arsenal OR “what is he going to do to improve the club”.

Lemmiwinks
Lemmiwinks

Usmanov may not be a Knight in shining armour but it’s borderline criminal that someone who owns almost 30% of a club, business, or anything is denied a say as to what happens to his considerable share of an investment.

The “constitution of the board” is the most pompous thing I’ve heard in quite some time and whether or not it was Fiszman’s dying wish that Usmanov be excluded doesn’t make it right. If anyone here owned that much of the club and got shafted by the board because it was a dead mans wish, you’d cry foul – I suppose at least you’d have a corporate box, a double one in Jabba’s case, to help with your sorrows – but you’d be pissed!

People want Red and White Holdings to be represented because there is the slightest of chances Dein may get involved with the club again. That’s the attraction, that and the possibility of a big fat sugar daddy who says he’ll spend. Money could have kept Theo Van Nasregas together; big money that Usmanov has said he’ll front. Has Stan said he’s willing to chuck 50 mil. into the kitty? The fat man has numerous times. Silent Stan said sweet f#$%k all, just like he does with his other sports investments, each of which are rooted firmly in mid-table and going nowhere fast. Love the Arsenal but things have been harder for the club than they could/should have been.

Anyway, hope Terry gets kicked in the balls on Saturday!

AR
AR

I am not a Kroenke supporter but I find this comparison of Arsenal to his teams in the US quite ridiculous. It is more like apples and oranges than anything really because as some others have mentioned, in their leagues it is quite hard to win 2 trophies in a row let alone keep winning it every other year!!

The transfer system is basically a lottery with the team that does worst getting to pick first amongst all the available players for the next season, kind of like allowing West Ham to sign Fabregas and Blackpool to get Chamberlain. There would be no question of wages since all salaries are capped and the player can’t honestly refuse to go based on the club’s targets because just about every club has a good chance of being successful the following season. That’s like Blackburn fans going into a new season knowing they have a good chance of finishing in the top 4!!!

In those leagues being mid table with the occasional cup success or fantastic drubbing of another team is considered a huge success and therefore most of his teams have been relatively successful. This has of course, nothing to do with The Arsenal and doesn’t mean what has worked for him there will work in our league with its different rules and playing field. I just feel some perspective is needed when assessing his credentials (money grabbing or not).

ManBearPig
ManBearPig

Dude… Point well made about new signings, however the Rams had a NFL winning squad & under the ownership of Kroenke Inc. they sold off their best players…. wages might be capped, but transfers ain’t!
Just look at the green bay packers… No vampire attached to the club, Wholly owned by the fans and have won the most NFL titles. The Dallas mavericks, owned by Mark Cuban who is more interested in on field success and they won the title last season.
Yes, the way the teams are run are apples & oranges but the way the teat is milked is the same…

AR
AR

Oh and I forgot to point out, I agree with your views on why Red and White should be given a chance to be part of the board but at the same time if they’re not being allowed to participate AND are not crying foul as you would assume they should be, then maybe they’re not really all that interested to be involved in the first place other than make provocative noises when the club seems down.

Or maybe they will cry foul and they have every right to do so. Just my views on the topic, good to be able to debate without having to insult all and sundry.

AR
AR

ManBearPig – agreed mate, nothing to suggest that Kroenke is an angel or a saviour of any sort but I still think that none of his teams in the US had any sort of history comparable in any way to ours. In many ways I think the problem is the fact that Kroenke is rich and can invest if he chose to. The fans are no doubt annoyed that this guy has the money and can pump it into the club, but won’t and so the fat Uzbek seems an attractive alternative (notwithstanding all his perceived flaws). I wonder if people would be happier if we had a broke chairman who just couldn’t afford to invest any further and at the same time wasn’t willing to step down? Like a Kenwright at Everton (no doubt he’s a big fan and loves the club but can’t seem to find the money to invest in the squad)

Stab John Terry in the Face Foundation
Stab John Terry in the Face Foundation

I don’t know who is more naive, the people who think that Kroenke has Arsenal’s best interests at heart, just because he hasn’t a criminal record, is western and all the so-called above boardness that comes along with it or the people that think that Usmanov would immediately plough millions into the club if he had full ownership.

I’d say both are fairly questionable. I’m surprised that no one asks key questions like, ‘why have they even bought into the club?’ ‘What do they stand to gain?’ They are fantastically rich business men, who wouldn’t invest any of their lucre into anything that they wouldn’t stand to gain. If so, what’s their REAL motive for buying into the club?

I’m suppose we are going to find out sooner or later…

Fay
Fay

He may own loads of different sport teams but i wouldn’t go and say they are successful, least not for the past few years. Nuggest have won nothing in their history, Avalanche have not won anything in over 10 years, the only team to have won anything under him is Rapids who won MLS cup 2010. Where he goes does not mean success follows.

orion
orion

Not true. All of his teams have won a championship while he was an owner except for the Nuggets.That includes Arena league and Lacrosse teams. In the US, just winning one championship is a huge deal. The structure of the leagues promote parity and make it difficult for any team to sustain success.

In the NBA, success usually comes down to having the superstar of the league, coupled with another star player. Said superstar/star pairing almost always includes one particular position. How is that player acquired? A player like that comes along once every 5 years or so. You have to be a team that was lucky enough to have had one of the worst records the year prior to said player entering the draft. The order of the draft is determined by a lottery! So you win the lottery, you get the player. So you have to win the lottery in a paticular year in which a star player in 1 position is drafted. That’s how you start building a successful franchise.

Yes, the avalanche were great when Stan bought them. a few years later the NHL instituted a salary cap. This forced the avalanche, whose roster consisted of some of the best players of all time (along with corresponding salaries), to rim their rosters of large contracts. Imagine if the Premier league stepped in and said Man City, Chelsea and Man U could not spend anymore on players than Everton, Swansea, and Norwich starting next season…What would their squads look like? and what would their chances be to win then?

Funny that you criticize him for having “recent” success in MLS. As though his ownership of a basketball team is more relevant to his ownership of Arsenal….

Stan loves owning sports teams, but he’s smart enough to let the hockey guys run the hockey team, the football men run the football team, and so on. Would you rather he dictate to Wenger who plays, and what style Wenger should implement?

AR
AR

You make very valid points and have put it across very well. Being somewhat familiar with the MLS and therefore the franchise system, I have to agree with most things you say. I find it absolutely ridiculous that people claim Kroenke knows nothing about football and yet then question his record in sports and leagues they don’t know much about themselves.

In the US it is awfully hard for any team to win their respective championship two seasons in a row let alone consistently achieve that level over a decade. While not impossible, very few teams have sustained that level of success through their history. While he’s definitely in this to make money as every owner in every league is, using the fact that his franchises haven’t won titles as a barometer for his abilities as an owner and/or ambition is like saying Robin Van Persie is a bad player because none of the teams he has played in have won anything of note!

maddo
maddo

On a dark wet winter’s night in S***** High Street with both Kroenke and The Owl coming towards me. I am alone and cornered on this dark road of despair … what can I do…well I would go towards the one with more hair…. Oops No can do because I discover Stan is wearing a rug… so what should I do now….RUN Girl RUN

northerngoon
northerngoon

Lemmiwinks – spot on mate absolutely spot on.

What really irks me is that only Blogs here has any reason not to like Usmanov so it justifies the subjectivity. The others though?

Can I just say as well that Usmanov has never said that he’ll throw money aroundd but he has said he believes that you must speculate to accumulate.

I do agree also with blogs that perhaps we need better management of our transfer kitty which up to press has been managed terribly.

5am
5am

Wenger talked about being United, whilst unfortunately at the same time the Board aren’t exactly showing that when it comes to Usmanov having a seat and working together……. Pity that Kroenke didn’t go into how he actually got interested through his contact with Dein – doesn’t seem as if any respect is paid to him whatsoever. Glad Wenger got some applause though, even if price hikes do seem a punishment when, not just players are getting higher salaries, but where 7mil goes to the manager and bonuses all round for the rest of the executive team!

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[…] Arsenal’s AGM took place yesterday, and owner Stan took the stand to address the fans, and to clearly disgruntled fans who want the American out, he reassures he will be around to be that thorn in your skin. […]