Stan Kroenke increases Arsenal stake yet again - Barclays Premier League - ESPN Soccernet
I'm not really a conspiracy theorist and I'm usually not one to give much credibility to one + one = three "Journalism" but here's something for you all to ponder as we head back into Premier League matches after the International Break.
Fact 1: The link above shows that Stan Kroenke - owner of the Colorado Rapids (MLS, where current Arsenal CEO Ivan Gazidis was Deputy Commissioner before moving across the pond) among other US-based sports franchises - has been steadily increasing his stake in the club. He is very close to the 30% threshold that will require him to make a takeover bid.
Fact 2: The St. Louis Rams of the National Football League are up for sale and Kroenke owns 40% of that club. That club is valued in the neighborhood of $500 Million. I read that as Stan Kroenke coming into about $220 Million in free cash in the not too distant future.
Fact 3: Kroenke's recent purchase of .2% (or 90 shares) of the club cost him $1.2 Million. That would value the entire club at approximately $600 Million. That puts the cost of the remaining 70% that Kroenke doesn't currently own at $420 Million. I don't know too much about Kroenke's personal fortune but the fact that more than half of the cost to buy the balance of the club is coming free leads me to the conclusion that he is at the very least in a position to make it happen despite the difficult economic times. This wouldn't necessarily be the highly-leveraged type of transaction that we saw at ManYoo or Liverpool.
Like I said, I'm not saying that this IS going to happen (per the article, Kroenke says it isn't his intention) just that the facts line up in such a way that you can't help but think that there's a good chance that it will happen.
Just something to ponder on a chilly, rainy Friday evening (at least here in DC).
See you tomorrow for the Live Chat