Arseblog Arsecast Special - AST/Tim Payton interview
Arseblog Arsecast, The Arsenal Podcast
arseblog.com
4.8 • 6.9K Ratings
🗓️ 11 April 2011
⏱️ 13 minutes
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Transcript
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| 0:00.0 | Hello there. Welcome to a bit of an arscast special right here on arsblock.com on what is a hugely |
| 0:05.9 | significant day for Arsenal football club. American businessman Stan Kronke has reached agreement |
| 0:11.6 | and will own nearly 63% of the club. What does that mean for arsol? What does it mean for the other |
| 0:17.6 | shareholders and what will the future hold? With me to discuss that and answer some of the questions |
| 0:23.1 | is Tim Payton from the Arsol Supporters Trust. Hi Tim. Hi there Andrew. |
| 0:27.5 | Well let's deal with the facts first. We know that Stan Kronke is going to purchase the shares |
| 0:32.8 | of Danny Fisman and Lady Nina Brace while Smith taking his share holding to something approaching |
| 0:37.5 | 63% of the club giving him control over the club without being obviously the outright owner. |
| 0:44.4 | How has this come about and what does it mean for arsol? What's happened in the last few days |
| 0:49.4 | is Stan Kronke has reached agreement with both Lady Nina and Danny that he will buy their shares |
| 0:56.2 | at 11,750 pounds each and knows are now buying the agreement. That takes him past the 30% |
| 1:03.3 | threshold where he has to make a mandatory offer to all other shareholders and arsol at the same |
| 1:08.9 | price. Today on the plus market, anyone who wants to look it up can go on for the plus market |
| 1:14.6 | website and search on arsol. They'll see the initial offer statement. In the next few days |
| 1:20.4 | Stan Kronke has to put forward an offer document to the rest of the shareholders setting out his |
| 1:25.8 | plans for the club and what he will do going forward. But there were already some important |
| 1:32.2 | statements made today by Stan Kronke about his plans going forward. One of the things I think |
| 1:37.6 | that many fans were concerned about regardless of who was going to take over the club at any stage |
| 1:44.4 | was to avoid the situation that we saw at Manchester United, we saw at Liverpool where |
| 1:49.0 | the club is bought with debt that's then put on top of the club and so far it seems very promising |
| 1:54.6 | that we have that sort of assurance from Stan Kronke that this won't be the case with arsol. |
| 1:59.8 | I mean how I mean fans obviously are going to be a little bit cautious about this. How much can |
... |
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