The Kroenke Problem

[VCC]

Stan Kronke is not interested in football, he is not a football man and even if he was he is American he would rather see success in his American sport franchises than his holiday home token interest in England. Stan is an opportunist with a very wealthy wife that is interested in money YES Stan is a bussiness man who does not see trophies he sees decimal points on a spread sheet and sees in two colour's black and red.
Arsenal has lost its soul, Stan Kronke was always the wrong guy for Arsenal but in true modern Arsenal style he was the easiest option something that imo has moved into the way the club moves through transfer windows, Arsenal has a history of record transfers super Mac, Ozil, signing players who were at the top of their game champagne Charlie signings are always a gamble but doing nothing will not give change.
Here is a little caption of Arsenals investors.
Kronke.....known hunter of endangered animals
Emirates....... we ridicule others for the Saudi or Middle East revenue and it's human values
Visit Rwanda..... Jesus can't get worse than human rights crimes.

Some club!!!!

Get our club back and these assholes out.

[alexis2015finalgoal]

Too many posers and useful idiots amongst Gooners. Who think KSE are "good" coz we've finished second twice in a row, and maybe three times in a row. We did that when Wenger was at his peak and that wasn't good enough. We're just back to where we were under latter Wenger, Content to be in the CL, boost revenues, and not sign top players when needed.
We cuss Spurs fans for not protesting Levy, but we're the same. the only difference is KSE has won some trophies and Levy has won very little.

[Royal Gooner]

I still remember that during the covid season, it was the protest against the super league (with the s*x doll effigy with his face on it and burning American flags) where they actually sat up and started to pay attention to us and spend. Before that it was all taking money out of the club in "consultancy fees" and spending nothing on us. People seem to forget that.

[Highbury Hillbilly]

We are bound by PSR, has nothing to do with Kroenke. They were clear about hiring "football people" to run the club. It's up to Mikel, Edu and others to spend the budget wisely.

PIF took over Newcastle 3 years ago and everyone thought they'd be City mk 2. Yet here we are in 2025 and I'm watching Mike Ashley era guys like Murphy, Joelinton and Willock strolling to a 4-0 aggregate against a title-challenging Arsenal.

The question is, why is Howe able to get more out of his players than Arteta?

[Zenith]

We are bound by PSR, has nothing to do with Kroenke. They were clear about hiring "football people" to run the club. It's up to Mikel, Edu and others to spend the budget wisely.

Source?

Doubt they can do more without crossing PSR limits. We made £80m in sales in the summer, but we paid £90m for Raya, Calafiori and Merino. Add in a £20m installment for Rice, £13m installment for Havertz, plus fat new contracts for Saliba, Saka and Mikel. Not much cash left in the till.

Reportedly, PSR is a non-issue. Whether the club will spend is dependent on KSE's willingness to do so.

13 JAN 2025

As per Swiss Ramble’s estimates, Arsenal could see a £13m pre-tax loss this season, a reduction on the £52m from 2022/23 and the £45m from 2021/22 thanks in no small part to the return of Champions League football.

Allowable deductions for the club were pegged at £41m for 2021/22, £40m for 2022/23, while the prediction is £42m for 2023/24. That means a total of £123m in allowable deductions over the three-year period, with the rolling loss standing at £111m, if the £13m figure is correct.

The net PSR result, after deductions, for 2021/22 was negative £2m, while for 2022/23 it was £12m. The club are predicted to be PSR net positive for 2023/24 at £29m, meaning the three-year net PSR position will be £14m, making an allowable loss for the club for 2023/24 of £119m, meaning that they have plenty of headroom and no PSR concerns.

Assuming the same level of allowable deduction are applied to the current financial year of 2024/25, then the forecast is that Arsenal, for the current reporting period that runs until the end of May, could lose as much £164m before tax and still be able to remain PSR compliant. The club won’t get anywhere near that kind of loss having enjoyed another season in the Champions League, albeit with some additional wage spend and amortisation costs due to transfer activity.

https://www.football.london/arsenal-fc/ ... l-30769615

Swiss Ramble's article (paywall) -

Part 1 https://swissramble.substack.com/p/whic ... ted-by-psr
Part 2 https://swissramble.substack.com/p/whic ... by-psr-bde

4 FEB 2025

According to Dave Powell, the chief business of football writer for Reach PLC, the Gunners are now well positioned to spend big in the summer. The football finance expert said: "For a period not too long ago, Arsenal were deemed one of the clubs to have to be extra mindful of PSR.

"Fast forward some 12 months or so and a return to Champions League football, followed by another year’s qualification and progression to the knockout phase, has yielded strong financial results for the Gunners that will make an impact on what they can and can’t do between now and the transfer deadline.

"While Arsenal haven’t published their 2023/24 financial accounts yet, the trend that can be expected has already been made known via the publication of the Deloitte Football Money League last month. Arsenal leapfrogged Spurs, Chelsea and Liverpool when it came to total revenue, with that expected to sit at £616m, up around a third year-on-year. That is hugely significant."

Powell added: "The club are predicted to be PSR net positive for 2023/24 to the tune of around £29m, meaning the three-year net PSR position will be £14m, making an allowable loss for the club for 2023/24 of £119m, meaning that they have plenty of headroom and no PSR concerns.

"Assuming the same level of allowable deductions are applied, around £42m annually, to the current financial year of 2024/25, then the forecast is that Arsenal, for the current reporting period that runs until the end of May, could lose as much £164m before tax and still be able to remain PSR compliant.

"The club won’t get anywhere near that kind of loss having enjoyed another season in the Champions League, albeit with some additional wage spend and amortisation costs due to transfer activity. The Champions League run so far has booked them £77m, and that is before taking into account the four games already played at home, as well as at least one to come in the knockout phase.

"That would be worth around £20m to the Gunners, taking them closer to the £100m mark already. That means that revenues for the 2024/25 financial year are likely to be even higher than they were for the record-breaking 2023/24 period, and that means that they have plenty of dry powder for the market."

https://www.football.london/arsenal-fc/ ... r-30931202

[Highbury Hillbilly]

We are bound by PSR, has nothing to do with Kroenke. They were clear about hiring "football people" to run the club. It's up to Mikel, Edu and others to spend the budget wisely.

Source?

[swiss ramble stats]

I may as well ask for Swiss Ramble's full accounting then. These are all ESTIMATES of what our revenue growth has been. It says nothing about our COSTS during this time. Plenty of people doubled their wages in the past 2 seasons, including our manager. Just to give an example:

Declan Rice - £3m/yr at WHU £12.5m, more than 2x Xhaka's wage

Mikel Arteta - £8m/yr £15m

Saka, Saliba, Martinelli, sub £5m/yr £10m/yr

Havertz - £10m/yr £14m/yr (not double but you could hire 2 CFs at that wage)

Tell me this: If PSR isn't an issue, why did we sell ESR, Nketiah and Ramsdale without signing a SINGLE replacement? Even I don't think Arteta is stupid enough to think he would have a free run at the title with 1 striker and no starting LCM.

My guess is that our sales this summer, and the £55m or so we picked up from Balogun, Xhaka and some other sales in 23/24 helped offset the amortization on £350m of signings in summer 23 and summer 24.

[Angelito]

The biggest tragedy is that these plutocrats own Arsenal. They're just about the wrong type of owners for a club like Arsenal in every sense. Much suited to Spurs.

They actually did it! They invited an owner made for Spurs to own Arsenal!

Been a series of tragic devolution of the club under them.

Why would they care? Their vehicle of investment called "Arsenal" has nearly tripled in value. Doesn't really matter what shares you buy as long as you make money. That is basically it for them.

The spawn of nepotism rocked up London Colney with a LA Rams top. Quite symbolic in this saga. Like a simile that tells all about Arsenal's place in their investment portfolio.

Baffling how it was a dance off between Usmanov and Kroenke, and everyone at Arsenal then "conspired" to have Kroenke as owner-elect of Arsenal, simply because he was an American.

It would take some near seismic event for them to even consider selling Arsenal. That's not going to happen in Stan Kroenke's lifetime. Even in such a situation, who would invest the probable $3b?

Alas!

[VCC]

https://www.bbc.com/sport/football/arti ... 3w76rl476o

[alexis2015finalgoal]

Stefan Borson said we have no PSR issues.

We had record club revenues in 23/24. Most likely they'll be high again for this season due to CL football and most likely getting top four again. There can be little excuse for spending money.

[Highbury Hillbilly]

Stefan Borson said we have no PSR issues.

We had record club revenues in 23/24. Most likely they'll be high again for this season due to CL football and most likely getting top four again. There can be little excuse for spending money.

Record high revenues, yet we've been pillaging the academy to book PSR profits, while loading up on overpaid players we won't be able to sell later.

I don't think we have any rabbits in the hat left money-wise. Willock, Balogun, ESR, Nketiah, Biereth all cashed in on.

£0 for Obi Martin, Ayden Heaven and .Omari Hutchinson.

[alexis2015finalgoal]

https://swissramble.substack.com/p/cham ... 2425-after

Will we spend this wisely?

We will see.

[VCC]

https://www.football.london/arsenal-fc/ ... y-30961143
That is where the Kronke priorities lay

[Highbury Hillbilly]

https://www.football.london/arsenal-fc/news/arsenal-owners-kse-issue-apology-30961143
That is where the Kronke priorities lay

One of the comments on that article says "If they cared, we would have signed Gyokeres".
To me, that is clueless. If they were penny pinching Arsenal's budget, why would they not have nixed £64m and a massive contract for Havertz? Or a British transfer record for Rice, also on a massive contract? Or agreed to double Arteta's own wage?

He's been backed. Other clubs have signed attackers in this window. Arteta trying to shift blame to the owners is simply him trying to cover his ass. He had plenty of money to sign a striker, but chose to sign GK, LB, LCM for over £100m, and was pissed because he couldn't also get a £20m backup GK.

Give any other manager the budget he got and they'd win something.

[theHotHead]

https://www.football.london/arsenal-fc/news/arsenal-owners-kse-issue-apology-30961143
That is where the Kronke priorities lay

One of the comments on that article says "If they cared, we would have signed Gyokeres".
To me, that is clueless. If they were penny pinching Arsenal's budget, why would they not have nixed £64m and a massive contract for Havertz? Or a British transfer record for Rice, also on a massive contract? Or agreed to double Arteta's own wage?

He's been backed. Other clubs have signed attackers in this window. Arteta trying to shift blame to the owners is simply him trying to cover his ass. He had plenty of money to sign a striker, but chose to sign GK, LB, LCM for over £100m, and was pissed because he couldn't also get a £20m backup GK.

Give any other manager the budget he got and they'd win something.

Correct, the manager has been backed, he has spent money massively, he has spunked a huuuuge amount of money getting rid of players he didn't want.

No, any discussion around the Kroenkes cannot talk about them not supporting Arteta financially at all

[VCC]

The propaganda just keeps rolling.

Peeps need to understand that the club were one of the instigator for a super league, that was at a time when the club was not even qualified for CL football, the reason was to follow the money, that is all Arsenal is interested in, the ownership has moved franchise with in America they have no care about a fanbase they will shift the club if it has value.