ARSENAL INTEREST NO SURPRISE
It was "only a matter of time" before Arsenal attracted interest as part of the "second wave" of investment in the Barclays Premiership, according to a leading football financial analyst.
Although the major shareholders - which include vice-chairman David Dein and director Danny Fiszman - have no intentions of selling up, broadcaster ITV are likely to be open to offers for their 9.9% stake in the Gunners.
With the valuation of Arsenal - their parent company listed on the alternative Plus market - currently around ฃ404million, it would represent a significant outlay for any potential investor.
US billionaire Stan Kroenke is understood to be interested in acquiring the shares.
His company - Kroenke Sports Enterprise - already has an "innovative strategic relationship" with the north-London club through Major League Soccer team Colorado Rapids and the group has a large portfolio of sports-related interests across the Atlantic.
The move from Highbury to the new 60,000-seater Emirates Stadium at Ashburton Grove this season may have cost Arsenal somewhere around ฃ390million and be an on-going financial commitment, but it has also put them in a different league in terms of match-day gate receipts and other revenue streams.
With a strong tradition, established fan base and a young side, buying into the Gunners would certainly make an attractive proposition.
With Manchester United now in the control of the Glazer family while American tycoons George Gillett and Tom Hicks have just lead a successful takeover at Liverpool, it was inevitable interest in Arsenal would surface sooner rather than later.
Vinay Bedi, football analyst at Brewin Dolphin, told PA Sport: "You can see the attractions of the Champions League clubs - and Arsenal are really the only one of those left in British ownership.
"It was only a matter of time before there was significant interest in them - whether or not anything actually happens there, we will have to wait and see. But it is certainty no surprise there is overseas interest in Arsenal."
Bedi added: "We see this as the second wave of investment in football clubs following the city flotations in the 1990s as the benefits of the initial Sky TV involvement and the development of the Premier League became apparent.
"That was somewhat slowed down because of the general trend which was to divert a lot of that increased revenue towards player salaries rather than increasing consistent profitability of football clubs. More
Although the major shareholders - which include vice-chairman David Dein and director Danny Fiszman - have no intentions of selling up, broadcaster ITV are likely to be open to offers for their 9.9% stake in the Gunners.
With the valuation of Arsenal - their parent company listed on the alternative Plus market - currently around ฃ404million, it would represent a significant outlay for any potential investor.
US billionaire Stan Kroenke is understood to be interested in acquiring the shares.
His company - Kroenke Sports Enterprise - already has an "innovative strategic relationship" with the north-London club through Major League Soccer team Colorado Rapids and the group has a large portfolio of sports-related interests across the Atlantic.
The move from Highbury to the new 60,000-seater Emirates Stadium at Ashburton Grove this season may have cost Arsenal somewhere around ฃ390million and be an on-going financial commitment, but it has also put them in a different league in terms of match-day gate receipts and other revenue streams.
With a strong tradition, established fan base and a young side, buying into the Gunners would certainly make an attractive proposition.
With Manchester United now in the control of the Glazer family while American tycoons George Gillett and Tom Hicks have just lead a successful takeover at Liverpool, it was inevitable interest in Arsenal would surface sooner rather than later.
Vinay Bedi, football analyst at Brewin Dolphin, told PA Sport: "You can see the attractions of the Champions League clubs - and Arsenal are really the only one of those left in British ownership.
"It was only a matter of time before there was significant interest in them - whether or not anything actually happens there, we will have to wait and see. But it is certainty no surprise there is overseas interest in Arsenal."
Bedi added: "We see this as the second wave of investment in football clubs following the city flotations in the 1990s as the benefits of the initial Sky TV involvement and the development of the Premier League became apparent.
"That was somewhat slowed down because of the general trend which was to divert a lot of that increased revenue towards player salaries rather than increasing consistent profitability of football clubs. More
posted by auto | 12:53 PM
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