http://www.goal.com/en/articolo.aspx?contenutoid=848310
The case of Arsenal is interesting in this context because the Gunners are so far resisting the threat of a potential takeover by Russian oligarch Alisher Usmanov, a billionaire ranked high in the list of the world’s richest men. Usmanov is now the second largest shareholder in the club and has stated that his long-term ambition is to acquire Arsenal. He is unable to do so at present because the club’s directors are in a lock-down agreement whereby they’ve pledged, for a fixed period, not to sell any of their shares, thus denying Usmanov’s Red & White Holdings vehicle the chance to acquire more. The board’s motivation is that they fear an Usmanov-owned club would change forever the soul, character and ethos of Arsenal Football Club.
Are they right? Probably. Does it matter? That depends largely on your view of tradition. And your willingness to accept that there is no risk attached to having your club controlled by a foreign businessman, however wealthy and however shrewd, who probably grew up with no emotional attachment to the club until it became available to buy.
But then ask Manchester City fans what they think of this week’s events and you won’t find many gnashing their teeth and tearing their garments in despair. Their club now threatens to become genuinely big-time, and they’ve waited long enough for that.