Tag Archives: She Wore A Yellow Ribbon

JW Diaries: Day 1 in Singapore

Having touched down in Singapore after a 14 hour flight at 7am, today as ever here, the first thing you notice is the heat; It is extremely hot and sticky!

A quick cab ride to our hotel ends in disappointment that we can’t check in until midday; meaning that no shower and wearing the same cloths for a few more hours.

This gave me the opportunity to go to the stadium and pick up our sets of pre-ordered match tickets.

After checking in, showering and a hours sleep, it’s a drink in the hotel bar and at £13 a pint there was just the one!

The Arsenal hotel was only a 5 minute walk away, with the team out at their training camp, we had a chat with some friends working for the club.

Camped outside the hotel there was around 30 locals waiting for the team to return hoping to get photos and autographs, all have been successful!

I was hoping to have a few words with our CEO Ivan Gazidis especially with the speculation coming out from the UK with a possible move to Milan, he was out watching the training; a better opportunity awaits tomorrow.

The story about Gazidis joining AC Milan as their CEO is simply not news out here in Singapore. Likewise yesterdays news about Alisher Usmanov exploring the sale of his 30.04% Arsenal stake.

Whilst in the team hotel, we ordered another beer; Two bottles of the familiar locally brewed ‘Tiger Beer’ came to a staggering £21 – ouch!

In the evening, we ventured to the Bar used by the Singapore Supporters Club, Five Square, probably the biggest bar I’ve ever seen outside of the UK! Again drinks were unsurprisingly expensive, on top of the menu price you have to pay 7% tax and 10% service charge even when you don’t use the waitresses!

Back in bed by 1am; tomorrow brings another trip to the team hotel for a ‘Fan Party’ and hopefully some news direct from our CEO!

JW

Who would buy Arsenal?

This mornings big Arsenal news is a scoop from the Financial times the Alisher Usmanov is exploring the sale of his 30% Arsenal stake.

I imagine part of that exploration is inserting a story within the Financial Times to attempt to drum up some interest. A free advert. As I believe the story was planted by his side, I think we can say for certain that he is looking to sell.

But who would actually buy his 30.04% share holding in the club?

Usmanov owns 18,690 shares. The most recent shares have sold northwards of £30,000.

If we take into account that such a volume of shares hitting the market in one time will likely go for a reduced cost (and the fact my OCD makes me like round numbers), Usmanov’s share holding is worth in the region of £500,000,000.

That is a huge chunk of change that someone is going to have to find to buy him out.

And who would actually be interested in doing so? Usmanov’s shares get you zero influence.

As it stands, majority shareholder Stan Kroenke has no interest in buying any more shares. Where he to get Usmanov’s, he could then force through the purchase of any remaining shares and make the company private. But would he really be interested in spending another £500,000,000 on shares to gain full ownership of a club that he already has full operational ownership?

I can not see Kroenke forking out another £500,000,000.

Nigerian businessman Aliko Dangote has a long term interest in owning shares. He is reportedly worth $12.2 billion, but would what spending £500,000,000 on Arsenal shares get him?

He would unlikely get a seat on the board, and therefore would have no influence on the club. Another billionaire buying out Usmanov would simply be a vanity project. To say that they are Arsenal’s second biggest share holder.

They might see it as a foot in the door. To ensure that if Kroenke ever does sell, they are potentially first in line. But this would rely on Kroenke selling. A £500,000,000 investment to be first in line to something that probably will not happen in the near future? It is not worth the investment.

A financial institution might be interested in the share holding purely on an investment basis. But is Arsenal already overpriced at £30,000 a share?

it was only in 2017 that Arsenal shares smashed through the £20,000 barrier for the first time.

A year on, we are looking at shares being worth 50%, even though financials and outlook are no better.

The reason for this is a bit like the rise in Bitcoin.

Arsenal shares are so limited, and so few come on the market, that a seller can nearly name their price.

A football club is not like a normal company. Many of the recent buyers are not purchasing to make a profit, they are purchasing to say they own a share in Arsenal. If prices were still at £20,000, I would certainly be interested in purchasing one.

To a middle-aged trader, a lawyer, even a retiree in London, £30,000 is not much to part with to own a single share in the club, it is a vanity purchase.

Arsenal pays no dividend. It would not make sense for a financial institution to spend £500,000,000 on shares that they would almost have to sell off individually over a few years to see a profit on.

Not too many people in the world have £500,000,000 cash sitting waiting to be invested in something that will get them no influence and very little return.

Will anyone actually want to buy Alisher Usmanov’s shares?

Keenos

Thoughts: Mesut Ozil & Alex Iwobi

Mesut Ozil

During the World Cup, I wrote about Mesut Ozil’s relationship with the German media, authorities and fans.

My opinion at the time was a simple one, that Ozil was continually singled out for Germany for criticism because he is different. That whilst the likes of Thomas Muller, Joshua Kimmich and Manuel Neuer continually escape criticism for poor performances, Ozil is criticised even when he does not play badly.

I felt at the time that due to the racist undertone of comments from the likes of Lothar Matthäus, that Ozil might call it a day with the German national team. And yesterday he did just that:

Mesut Ozil has won 92 caps for Germany. He is a World Cup winner. A 5 time German Footballer of the Year. He is clearly a class act.

The abuse of Ozil is similar to what Raheem Sterling gets in England.

It is not overtly racist, but when negative articles are written about you for buying a house for your mum, or going for breakfast the morning after a defeat, it creates a nasty little undertone.

We saw similar last week with Dean Saunders attack on Alexandre Lacazette for TalkSPORT.

The former Liverpool striker said Lacazette is more interested in fast cars and fur coats than playing football. That he needs to be more like Harry Kane and become more professional.

Taking into account that it is Pierre-Emerick Aubameyang that likes the fast cars and fur coats, the attack by Saunders had racist undertones.

It reinforced racial stereotypes that young, successful black men are flashy. That they are more interest in cars and coats than playing football. That they are simple not as professional as their white colleagues.

The attack came out of nowhere, and merely highlighted Dean Saunders prejudice and poor journalism

Ozil retiring for Germany will be a good thing for Arsenal. We just need to make sure we get around him, show him the love and support he needs so that he performs for us.

He has always been an emotional character. One that needs an arm around him, to be shown love to play well. He has never been one to be motivated by criticism.

Ozil is an Arsenal player. Let’s get behind him.

Alex Iwobi

The second piece of Arsenal news over the weekend was Alex Iwobi.

Firstly it broke that Lazio were interested in signing him in a £20million deal, then it was that he had agreed a new contract until 2022.

When the first pice of news broke, many people were happy.

Iwobi is simply not rated by many fans. He has not really progressed from the timid teenager who looked like a deer in headlights when he first broke through.

Personally, I did not want him sold, I want to see him for another year under Unai Emery. But £20million is a lot to turn down. If a figure like that came in, I would accept.

A chat about racism again.

Some fans came out and claimed that other Arsenal wanting Iwobi sold was racist. Comparing it to the Jack Wilshere situation, even to the Ozil situation. This is just rubbish.

People wanted Iwobi to be sold because they felt he was not good enough. A perfectly valid opinion. It has nothing to do with his skin colour, or being born in Nigeria.

To a lot of the older generation, Rocky Rocastle was a hero. To my generation it was Thierry Henry. It reminds me of when that journalist claims that Highbury was a “no-go zone” in the early 2000’s.

It is lazy to always attack any criticism as racism.

If Iwobi does stay, I hope he kicks on. There is a good player in there, I am sure of it. He just needs the confidence in himself to realise that and break out.

He is 22 now, so a loan deal is not suitable.

With the likes of Ainsley Maitland-Niles and Reiss Nelson pushing to break through, Iwobi needs to up his game if he wants to stay at Arsenal long term.

Keenos