Firstly if this is remotely true then this has to be up there (or down there) with some of the worst mismanagement of company funds in a very long time.
We've gone from having huge cash reserves and a boost in revenue despite falling out of the CL to apparently unable to make signings.
Something doesn't add up.
The good news however is the club value has doubled since Kroenke's initial takeover in 2007... would have almost certainly gone up more without him as all Prem clubs struck gold due to TV revenue and sponsorships going up massively but anyway back to the point.
His investment is worth over double should he wish to sell, if the club is genuinely struggling to fund itself then now the owner has no excuse not to help it out given he's set to make over a $1b should he cash in.
If the club is seriously trying to suggest they can't improve this dismal squad and that gun toting endangered animal shooting redneck caant billionaire isn't willing to help it out then fans need to stop turning up and show them exactly what it's like to really have no money.
Rant over?
The club claiming they have no money
posted on 13/1/19
comment by Lexington 125.2 (U8879)
posted 3 hours, 27 minutes ago
I’m surprised that with so many people apparently preferring to apportion the blame for our current predicament to Kroenke, rather than Gazidis and Wenger, more didn’t look into what’s been going on at Blackpool regarding the fans trying to oust their club’s owner.
The ‘Not A Penny More’ campaign has been running for four seasons now, with seemingly no effect, ofher than those contributing towards it having not seen their team play during that time.
Given our relative statuses as clubs, monies generated, owners’ personal wealths etc., I’ve no doubt Kronke would be even harder to shift than Oysten is proving to be.
So what? 5, 6... 10 seasons of non-attendance to force Kroenke to sell up? We all know it wouldn’t work at Arsenal anyway, as there’s always a tourist to take our ticket.
The only way forward that I can see in the near future is shrewder player recruitment, gaining control back of a wage bill that the previous structure allowed to become inflated way beyond what it should have been, and basically return to being a club that develops players and sells them at premium prices.
Emery is yet to convince me he’s the man to take us forward, but Wenger had shown us all that he was not.
Go look up what the Chair of the Blackpool supporters trust has had to say about their predicament. Then come back and tell us all how it’s our fault for not putting pressure on Kroenke.
Because frankly it’s a ridiculous comment.
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posted on 13/1/19
comment by Tu Meke Mesut (U3732)
posted 1 hour, 32 minutes ago
comment by Scruttocks (U19684)
posted 2 minutes ago
Ok I guess we will never agree because to me bad ownership is remaining silent and flat footed during years of mismangement then only pulling the plug when we're hamstring financially
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You have every right to think that, I just disagree mate. It's not like he's actively holding us back, he's not stopping us spending the money we have generated (which, let's remember, we were told was the plan when he first started buying shares).
People are now blaming him because we massively fked up with our own money. Yes, a better owner would put more of their own money into the club, but it's something we already have. Even if he wanted to spend it right now, he couldn't because of how we've allowed our wage bill to rise so much.
There's a reason Gazidis left so abruptly. He knew he was gonna cop some if not all of the blame now Wengers gone.
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Oh there are a few ways to shift around the FFP rule ask City
posted on 13/1/19
The meltdown on this board is getting ridiculous.We are still in two competitions and likely to qualify for Europa (at least). We have a new manager who is going thru his first season and identifying our weaknesses as a team and club. I'm sure the club will avail transfer funds in the summer. The team underwent more than a decade of damage and deterioration under Wenger and it will take more than a season to clean up the mess. Everybody should just calm the feck down.
posted on 13/1/19
comment by 🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆 (U18355)
posted 50 minutes ago
comment by The Godfather (U10154)
posted 4 hours, 28 minutes ago
Kroenke has been getting away Scott free for a very long time with his lack of investment. The only people who have an interest in him making a change to that are the fans. Quite incredibly though he has convinced them that Wenger was the issue... As if he has left all responsibility for his billion dollar investment in the hands of a paid employee.
Its quite incredible really. I work closely with high net worth individuals. These people are exceptionally protective over their investments more so than most people are over their children. Look how stubborn Kroenke was with the Usmanov pressure, completely in moved. Yet he has convinced the less informed and intelligent that he gave full autonomy of the finances of his baby to a paid employee. Simply remarkable
Even with conclusive evidence thrown in his face (a brand new manager faced with the same issue) he still has a vocal portion of the fans still apportioning blame to a since departed ex employee. Therefore we are a long way from affecting any change.
The future : I see various different managers coming in and having varying degrees of success of keeping us fairly competitive whilst balancing the books like Wenger did consistently for so many years. None of them will quite match him so they will be sacked. Eventually in a few years the pressure will start to mount on him but as we have seen before with Usmanov he will be unmoved and stubborn not even vocalising his position to the fans. Things will get very nasty
Who's fault will this be? The fans of course who are the only ones who have a long term interest in us investing but were misguided into directing their vitrol in the wrong place. For those of you in question give yourselves a pat on the back because you have facked us for years and years to come
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Honestly one of the worst comments I e ever read. And the fact that you put so much effort into it makes me believe that you aren’t wumming and worryingly you genuinely believe it 😵😵😵
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Exactly what do you disagree with?
That a billionaire who has shown enough stubbornness and concern with his investment as all money men do might not leave full control of his asset to an employee?
That the fans have contributed to this situation by continuing to blame an ex employee rather than the owner like every single other club who has underspent has done?
Or one of the other points that no one else has yet been able to discredit because they don't have a leg to stand on
As my post is the truth with no room for debate you will not be able to respond directly to my points as others have found. You will either respond with ad hominem, throw childish insults like like one poster did by calling me a virgin or gay or just come out with grandiose statements like "this is the worst post of all time" but then have nothing to back it up. You picked option 3
posted on 13/1/19
The best ever critique of our club by OP, surely it’s time for the Nigerian Billionaire Arsenal fan in Dangote to make an offer now but I doubt Kroenke wants to sell his jewel in the crown.
posted on 13/1/19
We have to hope this is part of a long term plan to shift how we operate, instead of purely being tight. Maybe we don’t want to overpay for average players anymore, which can particularly be the case in January. In the past we’ve wasted a lot of money on poor players, and not got near back what we paid. The plan could be to get to the summer when we can take more time and properly address the squad, try to shift certain players off wage bill and replace them with players that fits Emery’s Mould. Recently we’ve been too reactive in buying players instead of it being part of a long plan. Possibly now transfer are more planned out to fix us for long term.
Possibly the players we could realistically buy in this window wouldn’t fit in with what we ultimately want. Which could indicate why we don’t want to buy anyone for the sake of it, and waste more money on players that aren’t right. Hence why we want loans to cover for injured players, then we can buy players in the summer
Hopefully it’s something along those lines anyway, instead of us just being stingy as feck. I’d rather us just get loans, then riddle ourselves with expensive crap players we can’t shift for next 3/4 years. We’ve had enough of that
posted on 13/1/19
We are in this mess coz
Kronke did not have any direct involvement in the deals. It was all left to Wenger and Gazidiz.
The players we bought were sub standard but on outrageous wages.
With FFP there is a threshold that you cannot go over
Arsenal with players like Mikhi and Kolasinac on 190k a week risk going over that threshold.
You have Jenkinson on 70k per week.
Ozils wages increasing from 210k to 350k per week.
Other average players on super wages.
Kroneke just left Gazidiz and Wenger to get on with it.
There are other players who are poor and overpriced at Arsenal.
This is the reason we can only get loans n this tw so we dont go over the 7% threshold or whatever it is and get fines and wotnot.
We are in this mess which is gonna take years to fix.
Wengers true legacy with the help of Gazidis
Kroneke not keeping a close eye on things
posted on 13/1/19
I think there’s probably a consensus at the club now that we can no longer give big wages to players who aren’t worth it, and have to be more careful. Which might explain why Ramsey wasn’t given a new deal, yes he’s an alright player, but he shouldn’t be on a massive contract, we had to start drawing a line somewhere. Giving Jenkinson the wage he’s on was ludicrous, like Kolasinac, he’s on a huge wage, yes he was free but unless he wants to take a pay cut, it would be very hard for us to sell him, should we want to. As we’ve found with Jenk. We also gave Mhiki more money than Sanchez was on, a player who everyone knew would never be near as good as Sanchez was for us. It was done out of desperation. This kind of dealings has to stop, if we had owner investment or not.
In recent years Spurs have managed to assemble a squad better than ours while not spending shed loads of fees and wages. I reckon we want to go a similar way. They’ve been quite smart in way they’ve gone about things, but it didn’t happen overnight, and we will probably have to be patient too.
I definitely would rather a different owner than Kronke, someone who actually likes football maybe!. But I’ll wait until summer to truly start to judge the clubs plans post wenger. If we’re still looking at loaning players then, then I’ll definitely be worried about the clubs overall direction
posted on 13/1/19
comment by Status Chuppatty (U22014)
posted 1 hour, 6 minutes ago
We are in this mess coz
Kronke did not have any direct involvement in the deals. It was all left to Wenger and Gazidiz.
The players we bought were sub standard but on outrageous wages.
With FFP there is a threshold that you cannot go over
Arsenal with players like Mikhi and Kolasinac on 190k a week risk going over that threshold.
You have Jenkinson on 70k per week.
Ozils wages increasing from 210k to 350k per week.
Other average players on super wages.
Kroneke just left Gazidiz and Wenger to get on with it.
There are other players who are poor and overpriced at Arsenal.
This is the reason we can only get loans n this tw so we dont go over the 7% threshold or whatever it is and get fines and wotnot.
We are in this mess which is gonna take years to fix.
Wengers true legacy with the help of Gazidis
Kroneke not keeping a close eye on things
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Hindsight is 20/20.
What would you have liked Kroenke to do? He knows nothing about football.
Don't pretend as if you always wanted Kroenke to be involved. When Kroenke first started buying shares, 99% of arsenal fans would have preferred Wenger and Law or whoever it was to negotiate contracts.
I don't like Kroenke, never will. But he did everything he promised, he let the "football men" handle the running of the club.
posted on 13/1/19
The Godfather once again attaching no blame whatsoever to Wenger. What about the terrible signings he made in the latter years ? Why did he never speak out against the lack of funds if it was all down to Kroenke?