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More thoughts on the Arsenal takeover

Following on from my thoughts from the other day, here is a very good, if somewhat long, article about the same thing from arseonline.com:

http://arsenal.rivals.net/default.asp?sid=880&p=2&stid=8444900

This quote from the admin of the UWS website is the best bit from the article:

Why do you think Glazer has invested money in United? He raised bank loans to finance the share purchase, that’s all, the club hasn’t received a penny. In fact there’s been a net outflow of cash to Glazer, because as soon as he was able, he transferred the debt from himself personally onto the club. The club are now repaying his loans. But more exactly, the supporters are buying the club for him.

Net transfer spending since the takeover is around £4m surplus. Our sales have exceeded our purchases. We’re the lowest spenders in the Prem.

Now SAF is moaning he’s only got 12 fit players. Well who’s fault is that? Successful clubs budget and provide for injuries. We haven’t got two brass farthings, all our cash is going to the banks.

Don’t confuse our takeover with Abramovich - he’s pumping money into Chelsea, the Glazer’s are pumping money out.

And the Liverpool takeover has more characteristics of the Glazers than the scousers realise. They’re too thick to see it. If AFC are taken over, the deal needs to be right for the club and its supporters, as well as the purchasers.

Otherwise you’ll be f****d over. Our current success on the pitch has nothing to do with the Glazers, and its not sustainable.

Damn right.



One Response to “More thoughts on the Arsenal takeover”

  1. The Perfect Pitch » Blog Archive » Takeover Talk Says:

    [...] shareholdings to 21%, making them the second largest shareholder at Arsenal. As I’ve stated before, I’m totally against a takeover, back then led by Kroenke. My feelings have changed though [...]

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