Another week and another positive statement from the Arsenal hierarchy. Over a lengthy two-part interview, Keith Edelman covers a range of areas, from the match-day hospitality to Arsene's contract (again, stating that the board are confident he'll stay) to the intertwined issues of stadium financing and a potential takeover.
When asked about Kroenke, Edelman made a statement which not only sums up why I inherently oppose the takeover, but why I'm proud to support the club:
There isn’t much in this issue. Stan Kroenke is now a 12.2 per cent shareholder and we welcome him as a shareholder to Arsenal Football Club. But really that is the beginning and the end of the story at this juncture.
I think the current shareholders have committed themselves to the Club and believe in the Club. Again, I think it’s quite interesting to pick apart some of the press comments that are made on these issues because I think they are very wide of the mark. You see talk about Arsenal needing a billionaire owner to put more money into the Club but Arsène has always said, and the board also believe, that a football club can only really be run from the revenues that it generates itself over the long term. If you look at some of the other clubs with billionaire owners, their debts are mounting up. Anybody who invests in a club, particularly from overseas, who maybe doesn’t love the club the way our shareholders do - and they do buy in to Arsenal more out of the love than financial return - will be looking for financial returns in the short, medium or long term. And if someone is looking for financial returns they will in the long term take more money out of the club than they put in.
The only exception we have seen is Roman Abramovich at Chelsea who has invested significant funds in the club over a number of years. But even they are - if you read what the Chelsea executives and Abramovich are saying - looking to balance their books over the long term. Our current shareholders have been incredibly generous with the Club and haven’t taken a dividend for very many years. I just want to make sure that fans really do understand that if a billionaire buys any club in the country it doesn’t automatically mean that they’re going to have success or be able to invest further sums in the squads.
It's all there. We have shareholders and a board who run the club because they love it and they want it to be, not just for financial reasons, a success. They are not pocketing huge sums from doing this; their eyes aren't always on the bottom line for themselves.
Moreover, and it's a point I've continually made on here, takeovers do not mean more money for the squad. I very much imagine that the reason we haven't spent really big in the last few years is because of the vision Arsene has for the club and how he wants to run the team, not because funds aren't potentially available to him. As long as he's manager, we have to trust him on this one. It's worked well so far.
And as for this chump, well, Goonerboy is a family blogger so can't resort to the language Arseblogger used today, but I share his opinion.
Do we want some nearly dead playboy to come along because, to all intent and purposes, he's a bit bored and he wants to splash some cash? No thank you. It almost makes the Kroenke takeover look appealing.
It's looking more and more likely therefore that if a takeover attempt does occur this year, it's going to be hostile, which, again, just shows how little of the club's interests Kroenke has at heart. A hostile takeover is not Kroenke courageously forcing himself into the club for our benefit - it's him violently trying to appropriate our club for his financial gain. Remember that.