[ENG] Premiership 2012/2013 (136 Viewers)

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Xperd

'Toli Throater
Jun 1, 2012
33,654
Arsenal poised to be subjected to £1.5bn takeover bid from Middle East consortium

The group do not want their identities made public yet but a bid source told Telegraph Sport the intention is to buy out Arsenal’s American owner, Stan Kroenke, whose perceived weak stewardship of the club has also been called into question by frustrated supporter groups.

The cash offer, which is more than twice the amount at which Arsenal were valued two years ago, will be for 100 per cent of the club, and if successful would wipe out debts that stand at around £250 million according to the last full year’s financial results.

According to a bid source, there would be substantial transfer funds made available to transform the club into a major force in European and world football. There would also be a pledge to reduce ticket prices at the Emirates Stadium — currently among the highest in the world — as well as an attempt to recreate “some of the feel of the old North Bank” at Highbury.

The bid team has noted the damage caused by Kroenke, who owns two-thirds of the club, refusing to engage with Uzbek billionaire Alisher Usmanov, who owns 29.96 per cent.

The bidders would like to unite the ownership, putting all the shares together in one fund. The offer will be for the full 62,217 shares which have been issued, but effectively it will be to buy out Kroenke, in the first instance, paying around £830 million for his 66.83 per cent shareholding (41,581). The offer equates to around £20,000 per share.

http://www.telegraph.co.uk/sport/fo...ast-consortium-within-the-next-few-weeks.html

:howler:
@Fred Weasley
 

Osman

Koul Khara!
Aug 30, 2002
60,984
This is what happens when you don't care to adapt to your opponents Wenger, and proudly proclaim it like its a badge of honour. Shock horror, Bale and Lennon make cutting runs behind defenders? Who knew...
 

Xperd

'Toli Throater
Jun 1, 2012
33,654
Bale quite frankly deserves all the hype he's getting.Only ignorant people would think otherwise and there are a lot of them here.
 
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