Stan Kroenke owes £50m for shares - Topic Powered by Eve Community

Elite Forum Member

Posted

All I know is that theis country has a huge national debt, almost 3 million unemployed, and they are still wasting billions of pounds on a war that is nothing to do with us. I have total respect for the army who are doing their job, but in the national interests they need to get out of there now and prioritise sorting issues here.

Posts: 13369 | Registered: 13 January 2007

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ROMFORDAFC

Senior Forum Member

Posted

So it starts already... Yank ownership = long downward spiral

Posts: 363 | Registered: 02 June 2007

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Ms TC- Come on Arsenal!

Elite Forum Member

Posted

quote:
Originally posted by ROMFORDAFC:
So it starts already... Yank ownership = long downward spiral

don't think it's just 'Yank' ownership. But it was never really gonna end well...in my opinion.

Posts: 1548 | Registered: 10 September 2008

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STG

Elite Forum Member

Posted

On 15th October 2009, Arsenal Holdings plc (the “Company”) received notification that on 14th October 2009 Stan Kroenke, a director of the Company, acquired 90 ordinary shares of £1.00 each in the Company at a price of £8,500 per share. Taking into account such acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over, 17,957 ordinary shares in the Company, representing 28.9% of the Company’s issued ordinary shares.

Posts: 1265 | Registered: 10 September 2008

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Elite Forum Member

Posted

quote:
Originally posted by STG:
On 15th October 2009, Arsenal Holdings plc (the “Company”) received notification that on 14th October 2009 Stan Kroenke, a director of the Company, acquired 90 ordinary shares of £1.00 each in the Company at a price of £8,500 per share. Taking into account such acquisition, Stan Kroenke has a beneficial interest in, and controls voting rights over, 17,957 ordinary shares in the Company, representing 28.9% of the Company’s issued ordinary shares.

So he is 1.1% shares away from having to make a bid for all the shares

Posts: 9556 | Registered: 11 March 2008

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STG

Elite Forum Member

Posted

quote:
1.1% shares

I think that works out at 646 shares

Posts: 1265 | Registered: 10 September 2008

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Elite Forum Member

Posted

quote:
Originally posted by STG:
quote:
1.1% shares

I think that works out at 646 shares

Even if he makes a bid will Usmanov and Nina accept if not he can`t make it unconditional.

Posts: 9556 | Registered: 11 March 2008

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Friscoslug

Senior Forum Member

Posted

I'm interested in how the shares add up when we take alliances on the Board into account. Can we tell if this is an inter-board sale (Carr to Kronke for example)?

Posts: 836 | Registered: 10 April 2008

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Red Snapper(add 2835)

Elite Forum Member

Posted

quote:
So he is 1.1% shares away from having to make a bid for all the shares

To be pedantic and because I`m bored, 29.9% will trigger an offer so it`s only 1%. How many shares is that? Who is drip feeding him? I thought he had no cash.

Posts: 3841 | Registered: 26 September 2008

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The Golden Phoenix

Elite Forum Member

Posted

quote:
Originally posted by Red Snapper(add 2835):
quote:
So he is 1.1% shares away from having to make a bid for all the shares

To be pedantic and because I`m bored, 29.9% will trigger an offer so it`s only 1%. How many shares is that? Who is drip feeding him? I thought he had no cash.

When one is rich, cash does not matter.

Posts: 28314 | Registered: 07 December 2005

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Red Snapper(add 2835)

Elite Forum Member

Posted

quote:
When one is rich, cash does not matter.

I`d like to find that out personally! I suppose the fear is he`s financing this with debt a la Glazers that he will land the club with.

Posts: 3841 | Registered: 26 September 2008

Ignored post by Red Snapper(add 2835) posted

Elite Forum Member

Posted

quote:
Originally posted by Red Snapper(add 2835):
quote:
So he is 1.1% shares away from having to make a bid for all the shares

To be pedantic and because I`m bored, 29.9% will trigger an offer so it`s only 1%. How many shares is that? Who is drip feeding him? I thought he had no cash.

Unless the rules changed since I retired and I admit that is some time ago you could hold 29.9% without triggering a bid,however,as I say things might have changed since then.

Posts: 9556 | Registered: 11 March 2008

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Red Snapper(add 2835)

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Posted

I suppose over 29.9% (even 29.90001%) is enough? I`m just going on what they`re saying on the radio.

Posts: 3841 | Registered: 26 September 2008

Ignored post by Red Snapper(add 2835) posted

Elite Forum Member

Posted

quote:
Originally posted by Red Snapper(add 2835):
I suppose over 29.9% (even 29.90001%) is enough? I`m just going on what they`re saying on the radio.

I`ve heard that to snappy but it was part of my old job dealing with Take-Overs and it was 30% which triggered a take-over,however,I stand to be corrected.I think the most important thing is what Usmanov and Lady Nina intend to do if they sell out to Stan then the games over and we are just another Football Club owned by a foreigner,if they hold on to their shares then the status quo is maintained.

Posts: 9556 | Registered: 11 March 2008

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