Financial analyst Kieran Maguire says Arsenal’s latest move to take the company private will help to cut costs.
While The Gunners have been a PLC it has been in name only since 2018 and has now made its move to make the organisation fully private.
Stan Kroenke has been working hard to improve the team’s fortunes and fans seem to have accepted them as good owners.
While their signings do well on the pitch, the American wants to make sure they take the company private.
It is a move that has been in the making for a long time now and Maguire suggests it is a step that will help to save costs.
He tells Football Insider:
“Arsenal’s switch from a public to a private company is a major change but it is simply formalising the position of the club that has existed for a period of time.
“It will help with cutting costs, some of which were not particularly troublesome given the market in which Arsenal shares were being traded in.”
Just Arsenal Opinion
We have made some good progress on the pitch and there is hardly a fan who is not happy with the Kroenkes now.
This gives them a chance to take the company private while the environment is positive.
Hopefully, it will not stop them from investing in the organisation and help us stay competitive.
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I am not remotely onside with MARTINS incorrect remark ” there is hardly a fan who is not happy with the Kroenkes now”.
Martin does NOT speak for me, nor for many others either, I am certain! I want an owner who loves our club with a passion and not just for its financial benfit to himself!
I am less anti Josh though, as I see signs that HE is beginning to become a true fan,unlike his flint hearted Dad!
Meanwhile ManU fans Qatari owner. Passion from a owner is good, but will you accept someone who is football and Arsenal fan, but do not have big pockets beyond owning the club? EPL has become a money pit, and results are not always a guarantee even if owner spends
I really hope the Glazers get sell a percentage to the private investment company. and keep the club. That’s the worst option for Man U! However I reckon the Glazers are using that threat to auction-up the Qatari bid and see how high they can get them.
Funny… I was saying something similar to somebody at work earlier about Josh Kroenke. I was saying that overall the fans seem to be ok with the owners since they took 100% control and started properly supporting the manager financially and got the club into good shape, but I feel that a lot of that is due to Josh’s influence rather than Stans. Either way, happy days for now. Would rather our owners than Todd Boehly or The Glazers + a private investment company or some other Americans looking only for profits. At least we know Arsenal’s owners are properly behind the club now.