Wenger calm over possible takeover

With Stan Kroenke's stake in Arsenal one per cent away from forcing a bid for the remainder of the shares, panic stations would be understandable for the Arsenal board, but not for the manager, who believes whoever has the majority of shares is irrelevant as long as the club continues to run the way it has been since Wenger's reign began. He told the Official Arsenal Magazine:"As long as the club can be run as it is at the moment, it doesn't really matter."Certainly at some stage, someone will get the majority of the shares. Once somebody reaches 29.9 per cent of the shareholding, they have to make a bid for the club."Then he could gain over 50 per cent, and he will be the decider of the club, but he could still decide that the club should continue to run how it is now."What I find dangerous for English football is that most of the clubs are not managing to live within their own resources."We have the example of Portsmouth. They need the owner to be a multi-billionaire just so they can pay the salaries. That cannot be right. If the owner has to put his own money into the club just so it can live and survive, that is super-dangerous."I know at our club we have foreign owners who are billionaires, but it has no interference with the day-to-day management and running of the club. If one man controls the club, fine, but as long as the club lives within its own resources."It cannot rely or depend on one person."Uefa are in favour of "financial fair play" meaning clubs will eventually have to live and die by their own natural resources, rather than gain 'artificial' success through outside investment, and Wenger is a big fan of the proposed ruling:"What I would hope for the club is that over the coming 10 years, this club will be dominant in England and in Europe, that's my hope. We have worked towards that and I also believe that the new financial rules Uefa will bring in will be in favour of our club."I think the work we have done in the last 13 years will help us in the next 13 years. If you want to become Arsenal manager in the future, you have everything there for you!"My legacy isn't written yet though, I want to win the championship again, I want to win the Champions League, and that's what we fight for every day."

Leave a comment

© 2020 Arsenal News
Powered by Hotaru - A mabujo site.