Usmanov's Timing

[V-Pig]

So Red & White holdings are taking full advantage of this situation...

FULL LETTER: http://arsenaltrust.org/resources/do...7_2012_(3).pdf

TWITTER summary from tariq panja ‏@tariqpanja

Also says Arsenal tried to engage Russian company MegaFon in shirt sponsorship talks without realising telecom co is +50% owned by Usmanov

Red&Whites say though investment is circa £200m more important is they're fans.''would never do anything to destabilise or 'create conflict'

Usmanov letter accuses Arsenal board of wasting time creating 'false enemy' in Red & White.

Says focuse on Red&White is to 'distract attention' from 'fundamental' problems like business model and lack of investment in team

Usmanov has never sought board seat, letter say. Always voted with management. No reason to be accused of 'subversion' or 'sabotage'

Says look at recent history shows the board has achieved conflict without requiring help outside influences. Cites'acrimonious' departures of Dein, Carr and Nina Bracewell-Smith as evidence of this

Red&White: 'real conflict seems to be between supporters' expectations and your vision for the club.'

Red&White accuse current/past board members of using self-financing model to boost price of equity stakes so they could personally profit

Red&White say they've sought meetings with Kroenke and have been refused even though they own nearly 30% of shares

Red&White still wish to have a non-dividend paying rights issue to reduce debt and invest in future. Say board have no interest in this

Red&White: Kroene was sold a vision by the board that the club could be successful without further investment

Red&White: Good part of Kroenke's mandatory offer was funded by a loan from Deutsche Bank ... 'status of that loan... not clarified'

Red&White: Burden of meeting needs of Arsenal financial model is being carried/met by the manager. Selling players to competitors

Red&White: Yet again we are faced with losing our true marquee player at the club because we cannot assure him of the future direction and give him confidence that we can win trophies. where are the safeguards to ensure this doesn't happen again and again in the future?

Red&White: Club should match if not beat offers rivals make to lure best players away

Club can 'pontificate on model but it 'will not hide the obvious fact that it just does not allow our great manager to fully realise his managerial talent and deliver success for fans who are paying the highest prices in the land.'

Red&White vision: debt free club.. with 'big enough war chest to buy top talent who can hit the ground running' to complement homegrowns

Red&White: propose some kind of fan ownership and also fan involvement on the team's board

[V-Pig]

And... BAM:

Red&White: Will continue buying shares from the club as they become available and are staying for the 'long-term'

[Syn]

Usmanov's open letter:

http://arsenaltrust.org/resources/documents/1341487040rws_open_letter_05_07_2012_(3).pdf

[Joker]

Hard to disagree with anything they say tbh. Our board have attempted to win the propaganda war, by presenting them as shady foreign businessmen while presenting themselves as paragons of virtue, the epitomy of Upper Middle Class Etonian English values. However, the only ones who appear to be behaving without class are the old guard and Kroenke.

[V-Pig]

I've edited the twitter bit in my OP and put them in chronological order as a summary of key parts of the letter.

[Syn]

Well it's good PR. It's quite surprising how in touch they seem to be with the fans' are saying - they hint about 'what fans are saying on social media sites' and they've clearly done their homework, trying to get a bandwagon effect going by telling the fans exactly what they want to hear. "We would never de-stabilise the club" or "We are true Arsenal fans and have the club's best interests at heart" are nice statements but how can we tell? They won't be the altruists they paint themselves to be. This open-letter was clearly for the fans despite being addressed to the club. But right now, it's hard to see who has 'Arsenal's best interests' in mind. Players? Manager? Board? R&W? They all seem shady.

[KSE Comedy Club]

Despite what anyone feels about usmanov, it's clear that red and white holdings is where the real future of the club lies.

Kronke and co are a fucking shit waste of space, and it's time he sells up and lets a proper owner take over.

[V-Pig]

Certainly I'm not sure what the point of Stan is. Is he there because he agreed to not actually do anything?

[KSE Comedy Club]

Well it's good PR. It's quite surprising how in touch they seem to be with the fans' are saying - they hint about 'what fans are saying on social media sites' and they've clearly done their homework, trying to get a bandwagon effect going by telling the fans exactly what they want to hear. "We would never de-stabilise the club" or "We are true Arsenal fans and have the club's best interests at heart" are nice statements but how can we tell? They won't be the altruists they paint themselves to be. This open-letter was clearly for the fans despite being addressed to the club. But right now, it's hard to see who has 'Arsenal's best interests' in mind. Players? Manager? Board? R&W? They all seem shady.

Tbh, with the useless ****s who we have in charge now, does it really matter anymore?

One way or another, the club will be owned by a billionaire. It just now seems that usmanov's co. does look to have the clubs best interests at heart.

And to be perfectly honest, I'm already sick and tired of gazidis and kronke as they are both clearly inept and out of their depth.

[Xhaka Can’t]

Well it's good PR. It's quite surprising how in touch they seem to be with the fans' are saying - they hint about 'what fans are saying on social media sites' and they've clearly done their homework, trying to get a bandwagon effect going by telling the fans exactly what they want to hear. "We would never de-stabilise the club" or "We are true Arsenal fans and have the club's best interests at heart" are nice statements but how can we tell? They won't be the altruists they paint themselves to be. This open-letter was clearly for the fans despite being addressed to the club. But right now, it's hard to see who has 'Arsenal's best interests' in mind. Players? Manager? Board? R&W? They all seem shady.

Unlike the management team.

Whoever cold called and/or sanctioned the cold calling of Usmanov's telecom company is incompetent and should be sacked.

Humiliating stuff.