The Arsenal Takeover Mystery

In comedy, they say, timing is everything and those who fed a story to the national press last weekend stating that Arsenal were to be the subjects of a luxuriant take-over bid certainly displayed a great sense of humour, if nothing else. This, if the breathless reporting in last weekend’s Sunday Telegraph was to be believed, was the takeover to end all takeovers. The answer to a million prayers as well as the most expensive purchase of a football club yet seen anywhere it in the world. Money would be spent on players, debt would be eliminated and the owners of the club would receive a handsome profit on their investment. The problem with offers that seem too good to be true, however, is that they very often are exactly that, and if there is any truth to the rumours that started last weekend, the only significant questions that should be asked are those of whether those that started them could possibly have the first idea of what they might be letting themselves in for and of, in the event of them being scurrilous, who could possibly be behind them. The bid valued the club at £1.5bn, around twice the amount that was paid for it during its last take-over a little under two years ago. It was, according to those with knowledge of it, for a complete take-over...

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