I'm hearing as yet unconfirmed rumours that David Dein has called a press conference for some time this afternoon. I can only assume this is something to do with his shareholding in Arsenal FC and whispers are that Dein may have sold up but nothing has been confirmed yet.
This man's name has been mentioned.
More details if and when I get them.
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Posted by arseblog | Permalink | Email to a Friend | 51 Comments
Of all the investors linked to us, Berezovsky is the most repugnant, but also the wealthiest.
No fan of the current board, but can't we just find a benevolent billionaire to buy us, not a complete cunt?
Judging by what is written in that wikipedia article the guy may not be around long enough to take over arsenal whether that be because he is in jail or is assasinated. He really does sound like a shady character; hope dein hasn't sold his stake to this individual
Oh, actually, I've just checked, and I think Ecclestone may be wealthier.
Bring it on Bernie!
asajoseph - benevolent billionaires don't exist; you simply don't get that much money without being a complete cunt.
I see. If it is the Russian, then he is obviously putting down more roots, so that any extradition to Moscow becomes more difficult.
WAKE UP!!
whoever buys is giving money to DEIN not ARSENAL!
Press conf is 2 or 230
Heh, that's probably true.
How about a consortium of nice, friendly, multimillionaires then? ;)
bigarse Says:
August 30th, 2007 at 2:18 pm
WAKE UP!!
whoever buys is giving money to DEIN not ARSENAL!
Press conf is 2 or 230
We know.
thanks.
Berezovsky wouldn't get past the League's Fit & Proper Person Test. At least he shouldn't. But then, money talks, doesn't it?
Berezovsky's as dodgy as any other Russian oligarch. He's an enemy of Putin because he opposed him politically by attempting to wield political power in his own right, rather than as a gift from Putin, not because he believes in democracy or human rights.
If Dein's sold out to him it's a sign that 1) DD has given up on getting back into the club; 2) that he doesn't believe Kroenke will succeed in a takeover, and 3) that he's decided to cash out by selling to a crook and doesn't give a toss about how that affects the club he professes to love.
Well, Shinawatra managed it, so christ, Stalin will probably be posthumously buying Wigan next.
Good point by Etonian - Berezovsky HAS been convicted in his own country, and would so fail the Premier League's fit-and-proper-person (joke) test..
Now it was a politically-motivated conviction, sure, but they've stuck limpet-like to the cover of their pathetic rules in the Thaksin case.
lol@ shavo...
# Shavo Says:
August 30th, 2007 at 2:01 pm
Maybe he’s going to announce the marriage of his son to Thierry Henry.
Yeah the press conference is taking place in his back garden his wife and son will be attending.
Biscuits will be available.
Ecclestone has invested in QPR by all accounts, so he couldn't but into Le Arse. Conflict of interest.
The fit and proper persons test only applies to majority sharholders/owners, I think. Therefore the 15%, or whatever it is Dein owns, is not enough to come under investigation from the Permier League. I'm most worried about the MSI connection.
Shinawatra isn't shady! If only you know how politics run in South East Asia. Everything looks nice and democratic on the outside, inside its just dictators and communism to the core, Singapore wif the Lee family, Malaysia with the Kings and whoever is the PM. Shinawatra brought about so much economic success to the Thais it was unbelievable. Look at Thailand now. MESS.
Back to Arsenal, I only hope the press conference is about DD joining back the club and everyone have kissed and made up. Yes dreamy, but I can always dream.
Hope we sign a striker or winger today, if not, every game this season is going to be tests upon testssss.
Apparently, PHW and DD found out that "irreconcilable" differences are quite reconcilable.
asajoseph:
"No fan of the current board, but can’t we just find a benevolent billionaire to buy us, not a complete cunt?"
Ironically, the closest that Arsenal will get to your wish is Stan Kroenke. However that seems to be a big 'no-go' on this blog. If all we have to go by is to evaluate past actions you will find that he is in many ways the perfect owner. He has proven to be not unwilling to open the coin purse for talent, he hires knowledgeable people -- and then gets out of the way.
but then again he's also American, and a friggin hick from flyover country at that, so we can't be havin' that on this blog, can we.
Any objection to a takeover is based on how it would be financed, nothing to do with the nationality, so shove that chip on your shoulder up your arse.
You have no idea how it would be financed, nor do I. Again, all we have to go by is his past purchases of sports teams. The Rams was a 100% equity minority purchase. The Avalanche/Nuggets/Pepsi Center (Centre) deal incorporated three tranches including equity, mezzanine debt and senior debt. The debt total was in accordance with standard finance principles -- as best as can be determined. It was a fairly complex deal. the only way to evaluate would be to see if it hindered their ability to put a good product on the ice/court and compete. By the standards of the respective leagues they have been very competitive.
One thing for sure, he has the dough do a 100% equity deal. I don't think he would do it entirely that way, but he certainly has the wherewithal to structure it so it would not impede Arsenal Football Club on the pitch.
Personally, I loathe the idea of Arsenal being non-English. But the trend in this sport is pointing towards it. If it must be inevitable, then you could do a lot worse than Kroenke. Evidently that has been Dein's position, and I don't think he just fell off the turnip truck -- bubba.
His moustache is a crime against humanity, though. No question about that.
@km1980
You are absolutely right. His connections with MSI and Kia Joorabachian create an enormouse concern. Particularly if they try to pull a Corinthians at Arsenal. That would be horrible. This guy is a 100% crook.
You have no idea how it would be financed, nor do I. Again, all we have to go by is his past purchases of sports teams. The Rams was a 100% equity minority purchase. The Avalanche/Nuggets/Pepsi Center (Centre) deal incorporated three tranches including equity, mezzanine debt and senior debt. The debt total was in accordance with standard finance principles — as best as can be determined. It was a fairly complex deal. the only way to evaluate would be to see if it hindered their ability to put a good product on the ice/court and compete. By the standards of the respective leagues they have been very competitive.
One thing for sure, he has the dough do a 100% equity deal. I don’t think he would do it entirely that way, but he certainly has the wherewithal to structure it so it would not impede Arsenal Football Club on the pitch.
Personally, I loathe the idea of Arsenal being non-English. But the trend in this sport is pointing towards it. If it must be inevitable, then you could do a lot worse than Kroenke. Evidently that has been Dein’s position, and I don’t think he just fell off the turnip truck — bubba.
His moustache is a crime against humanity, though. No question about that
At this time when money is flowing into Arsenal, we don't need any financier. Arsenal can manage by its own; we're not Chelsea and Liverpool who need financiers before they can prosper. Arsenal is better managed and is generating more money with the stadium than any. My only fear is that this guy will also eventually sell to that American who's plotting day and night to buy Arsenal with loans, which will put Arsenal into long term debt we will find difficult to liquidate.
51 Responses to “Is David Dein having a press conference this afternoon?”
I hope that this doesn't mean that we'll get the Arsenal-in-crisis stories for the next three months or so. Frankly, I've had enough of those for one season.
Oh dear!