They are the Colorado Avalanche based in Denver and have never ever been referred to as the 'Denver Avalanche'. He only bought into them in 2000, when they were one of the elite teams in the NHL. They won the Stanley Cup the following season, but the team gradually declined under his ownership and now have one of the lowest payrolls in the NHL and are light years away from qualifying for the play-offs. And this in a league where 16 of the 30 clubs make the post season.
Under his ownership the Avs have regressed from being in the elite to becoming also-rans with some of the lowest levels of investment in the team despite high attendances.
Luckily, there are no parallels with what we are seeing here at Arsenal.
Last edited by Xhaka Can’t; 12-11-2012 at 08:36 PM.
No woofters allowed.
I can vividly imagine wenger selling this concept to the board waaaay back! to him there was no point buying ready made -- because the market was distorted. Coming 4th and winning the league doesn't make that much of a difference financially. So why spend 20mil or 30mil on a player with huge wages without a guarentee you will win anything. The risk-reward ratio is ridiculous if a football club is looked at from a purely financial angle.
To the board, this was a brilliant idea -- so low risk, it virtually ensured that the new stadium was a fanatstic asset that will solely maintain if not enhance their share values; this ensured they were able to cash in handsomely by selling out to an avid sports franchise investor in kroenke.
You see, this was all wenger! in fact without him this doesn't work --- he is irreplaceable in this venture. The board wont even think of getting rid of him; he does not even contemplate leaving -- he is unsackable; he is the one that makes the bank of arsenal tick. Otherwise he would have walked when DD left.
Last edited by gooners; 12-11-2012 at 09:45 PM.