"The ownership of Arsenal Football Club is considerably different from that of other clubs in English football. It is owned by a parent company, Arsenal Holdings plc, which has relatively few shares which are infrequently traded. Historically, the club has been owned by descendants of the Bracewell-Smith and Hill-Wood families, but since 2007 the club has attracted outside interest and two rival tycoons have acquired significant share holdings. As of July 1, 2011, the majority shareholder in the club is the American Stan Kroenke, who holds 66.64% of the parent company. His rival, the Russian-Uzbek Alisher Usmanov, owns 29.11%."
"Arsenal's parent company, Arsenal Holdings plc, operates as a non-quoted public limited company, whose ownership is considerably different from that of other football clubs. Only 62,217 shares in Arsenal have been issued,[3] and they are not traded on a public exchange such as the FTSE or AIM; instead, they are traded relatively infrequently on PLUS (AFC), a specialist market. The 2011 takeover bid by Stan Kroenke puts the club's market capitalisation value at £731m.[4] At 31 March 2012, a single share in Arsenal had a mid price of £16,250, which set the club's market capitalisation value at approximately £1000m.
Arsenal Holdings plc wholly owns twelve subsidiary companies, covering the group's activities. These include Arsenal Football Club plc (the football club itself), Arsenal (Emirates Stadium) Limited (which develops and owns Arsenal's Emirates Stadium), Arsenal Stadium Management Company (which manages the stadium on matchdays), and Arsenal Overseas Ltd (which manages retail operations). Other subsidiaries deal with property development on the site of Arsenal's former stadium at Highbury and the associated property holding and financing."
"As of September 4, 2011, the largest shareholder in the club is Stan Kroenke, owner of Kroenke Sports Enterprises (KSE), who owns 41,537 shares (66.76%). Kroenke's holdings in the club began with an initial 9.9% bought from ITV plc in April 2007;[14] initially treated with hostility, he is now regarded as an ally of the Arsenal board and was appointed a non-executive director of the club in September 2008.[15] Kroenke brought his stake in the club up to 20.5% following a purchase of shares from fellow director Danny Fiszman.[16] On 1 May 2009, Arsenal announced that Kroenke had bought a further 4,839 shares from the Carr family, including Richard Carr, also a director, which made him the largest shareholder of the company with 28.3%.[17] On November the same year, this increased to the maximum 29.9% limit.[18]
A rival bid for the club came from Red & White Holdings, which is co-owned by Russian billionaire Alisher Usmanov and London-based financier Farhad Moshiri.[19] Red & White bought the stake held by former Arsenal vice-chairman David Dein, as well as stakes owned by Lansdowne and many other minor shareholders, and as of September 2011 own 18,204 shares (29.25%) of the club. This is the largest single stake owned by a non-board member. This led to press speculation of a bidding war between Kroenke and Usmanov.[19] However, Kroenke agreed not to purchase more than 29.9% of the club until at least September 2009,[15] while the rest of the board agreed not to consider a sale of their shares to "non-permitted persons" until at least April 2009, and had first option on each others' shares until October 2012.[20]
In April 2011, Kroenke extended his ownership of the club by purchasing the shareholdings of Nina Bracewell-Smith (15.9%), Danny Fiszman (16.11%) and other directors of the Arsenal board, taking his shareholding to 66.64%. Under company law Kroenke, as majority shareholder, is obliged to make an offer for the remaining shares in the club, which would include those owned by Red & White Holdings as well as any stakes held by the remaining minority shareholders of the club;[2] these include those owned by former players as well as three shares owned by the Arsenal Supporters' Trust."
...and that was just a 2 minute copy and paste job from Wikipedia. Shall I continue?
Kroenke may have that ability, which based on the number of shares he holds is his right, but he still cannot make decisions without majority agreement from Arsenal Holding plc's shareholders. Not until he owns 30% of Arsenal's shares and his offer to buy all remaining shares is accepted. Which IS different from Abromovich, who is beholden to no-one... he own's Chelsea's parent company!
And Arsenal DO have a fanshare scheme. I thought about joining it myself when it was announced a year or two ago.
PS. I didn't say the business model was perfect, merely how it was / is intended to work!
Ahh... it appears my mistake is not having the most up to date information, which is based on the fact that I don't have 15 odd thousand quid to spend on a share!
But new fan? No... I'm racking my brain to figure out how I missed that Kroenke had bought up the majority of shares. Anyway, that's by the by...
So yes, I concur. With the percentage he owns, it is essentially HIS company, though I'm pretty sure he still wishes to run it using the pre-existing business model. But that point is moot. As... it's HIS company!
I can only see this summer being a repeat
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posted on 18/5/12
That is why we have the business model we do. Money generated from the business and its activities goes back into the business. Not money from their pockets...
Usmanov, Kroenke et. al are shareholders, not owners.
posted on 18/5/12
Get your facts right.
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Do you even know what a stock exchange is?
Stan Kroenke owns 66%. He is a billionaire. Usmanov owns 29%. He is a billionaire.
Arsenal pls is a 'non-quoted public limited company'. As Plus is about to close even that small holding will not be publicly traded.
posted on 18/5/12
"The ownership of Arsenal Football Club is considerably different from that of other clubs in English football. It is owned by a parent company, Arsenal Holdings plc, which has relatively few shares which are infrequently traded. Historically, the club has been owned by descendants of the Bracewell-Smith and Hill-Wood families, but since 2007 the club has attracted outside interest and two rival tycoons have acquired significant share holdings. As of July 1, 2011, the majority shareholder in the club is the American Stan Kroenke, who holds 66.64% of the parent company. His rival, the Russian-Uzbek Alisher Usmanov, owns 29.11%."
"Arsenal's parent company, Arsenal Holdings plc, operates as a non-quoted public limited company, whose ownership is considerably different from that of other football clubs. Only 62,217 shares in Arsenal have been issued,[3] and they are not traded on a public exchange such as the FTSE or AIM; instead, they are traded relatively infrequently on PLUS (AFC), a specialist market. The 2011 takeover bid by Stan Kroenke puts the club's market capitalisation value at £731m.[4] At 31 March 2012, a single share in Arsenal had a mid price of £16,250, which set the club's market capitalisation value at approximately £1000m.
Arsenal Holdings plc wholly owns twelve subsidiary companies, covering the group's activities. These include Arsenal Football Club plc (the football club itself), Arsenal (Emirates Stadium) Limited (which develops and owns Arsenal's Emirates Stadium), Arsenal Stadium Management Company (which manages the stadium on matchdays), and Arsenal Overseas Ltd (which manages retail operations). Other subsidiaries deal with property development on the site of Arsenal's former stadium at Highbury and the associated property holding and financing."
"As of September 4, 2011, the largest shareholder in the club is Stan Kroenke, owner of Kroenke Sports Enterprises (KSE), who owns 41,537 shares (66.76%). Kroenke's holdings in the club began with an initial 9.9% bought from ITV plc in April 2007;[14] initially treated with hostility, he is now regarded as an ally of the Arsenal board and was appointed a non-executive director of the club in September 2008.[15] Kroenke brought his stake in the club up to 20.5% following a purchase of shares from fellow director Danny Fiszman.[16] On 1 May 2009, Arsenal announced that Kroenke had bought a further 4,839 shares from the Carr family, including Richard Carr, also a director, which made him the largest shareholder of the company with 28.3%.[17] On November the same year, this increased to the maximum 29.9% limit.[18]
A rival bid for the club came from Red & White Holdings, which is co-owned by Russian billionaire Alisher Usmanov and London-based financier Farhad Moshiri.[19] Red & White bought the stake held by former Arsenal vice-chairman David Dein, as well as stakes owned by Lansdowne and many other minor shareholders, and as of September 2011 own 18,204 shares (29.25%) of the club. This is the largest single stake owned by a non-board member. This led to press speculation of a bidding war between Kroenke and Usmanov.[19] However, Kroenke agreed not to purchase more than 29.9% of the club until at least September 2009,[15] while the rest of the board agreed not to consider a sale of their shares to "non-permitted persons" until at least April 2009, and had first option on each others' shares until October 2012.[20]
In April 2011, Kroenke extended his ownership of the club by purchasing the shareholdings of Nina Bracewell-Smith (15.9%), Danny Fiszman (16.11%) and other directors of the Arsenal board, taking his shareholding to 66.64%. Under company law Kroenke, as majority shareholder, is obliged to make an offer for the remaining shares in the club, which would include those owned by Red & White Holdings as well as any stakes held by the remaining minority shareholders of the club;[2] these include those owned by former players as well as three shares owned by the Arsenal Supporters' Trust."
...and that was just a 2 minute copy and paste job from Wikipedia. Shall I continue?
posted on 18/5/12
That is why we have the business model we do. Money generated from the business and its activities goes back into the business. Not money from their pockets...
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What has the business model to do with the ownership of the company?
Don't you think they can inject money into the club if they want?
Its easy. Just have 'rights issue'.
posted on 18/5/12
Song
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Just because a company is publicly quoted does not mean that the shareholders are exempt from controlling the company.
Stan Kroenke sits on the board of Arsenal Plc. He controls the company and can remove or appoint any member on the board of directors because he is the majority shareholder. Stan Kroenke has equivalent power of Roman Abramovich and Sheikh Mansour.
Arsenal can raise money from their shareholders if they need. Thats makes us no different to Chelsea or Man City.
I have often seen many gooners take pride in the basic structure of Arsenal. Practically we are no different to any other billionaire owned club. We are not Barcelona. We do not have shared fan ownership.
Furthermore the concept of 'self sustaining' business model is far from the truth, even in our recent past. For example Danny Fiszman (our previous majority holder) personally paid the wages of Sol Campbell.
posted on 18/5/12
Kroenke may have that ability, which based on the number of shares he holds is his right, but he still cannot make decisions without majority agreement from Arsenal Holding plc's shareholders. Not until he owns 30% of Arsenal's shares and his offer to buy all remaining shares is accepted. Which IS different from Abromovich, who is beholden to no-one... he own's Chelsea's parent company!
And Arsenal DO have a fanshare scheme. I thought about joining it myself when it was announced a year or two ago.
PS. I didn't say the business model was perfect, merely how it was / is intended to work!
posted on 18/5/12
but he still cannot make decisions without majority agreement from Arsenal Holding plc's shareholders
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No. A majority is 51%. Stan Kroenke owns 66% of Arsenal. It seems you are not aware that he actually took over Arsenal last year. Therefore he can do anything he wants. He cannot change the articles of the company. That means nothing in the overall picture.
I am not sure you understand our company structure. (its not meant to be insulting) You sound like a new fan. I am an ex-shareholder. When the Arsenal were on AIM.
posted on 18/5/12
Ahh... it appears my mistake is not having the most up to date information, which is based on the fact that I don't have 15 odd thousand quid to spend on a share!
But new fan? No... I'm racking my brain to figure out how I missed that Kroenke had bought up the majority of shares. Anyway, that's by the by...
So yes, I concur. With the percentage he owns, it is essentially HIS company, though I'm pretty sure he still wishes to run it using the pre-existing business model. But that point is moot. As... it's HIS company!
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