Usmanov & Kroenkes Ongoing Stand-Off At Arsenal

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

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3 Responses

  1. Rockett says:

    Bring on the russian with the billions who give a shit

  2. Ash says:

    I’m surprised the fan ownership brigade aren’t more upset by this change which it would seem is not going to improve corporate governance. Weakening minority owners is definitely damaging to the market for corporate control and a defensive mechanism that favours the status quo at a club. Swansea fans with 20% of the shares would also fall foul of this.

    The idea is that minority shareholders can hold the majority to task over their management of the firm, the minority shareholders are still owners of the firm and even though they don’t have control they have some influence – Arsenal for example can’t pass anything that requires a 75% majority as opposed to a simple 50%+1 at an EGM/AGM without Usmanov’s approval.

    It also seems rather odd for the Premier League to change their rules just to suit one club at a particular point in time – I can’t think of anyone else in this position can you? It suggests Arsenal still retain a (overly?) strong influence at the top of football administration.

  3. oftenscore6 says:

    Ash – I think Arsenal would have had support in the rule change from the Glazer regime at Old Trafford, who have been looking to sell a minority stake in Manchester United without ceding any power.

    You’re right that it flies in the face of political talk to make clubs more open and give fans more say in their own clubs…

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