The Kroenke family may have inadvertently saved Arsenal from suffering an Everton-style penalty kick.
Everton received a ten-point deduction Which made them fall to the relegation zone after they were found guilty of violating the rules of financial fair play in the English Premier League.
tea The Toffees recorded huge financial losses of £124.5 million Over the past three years. This is £19.5m more than Prem’s £105m budget.
Part of these losses came as a result of Alisher Usmanov, a former shareholder of the company ArsenalAnd seeing its origins frozen in light of the Russian invasion of Ukraine.
Everton It has suspended its partnership with Usmanov’s holding company USM, which has concluded a five-year deal worth more than £12m.
Usmanov owned more than 30 per cent of Arsenal shares as of October 2013, before accepting a £550m offer to buy out his Arsenal shares from Stan Kroenke In 2018.
David Ornstein has suggested that the north London club could have suffered a similar fate to Everton had things gone differently.
talk on Rio Ferdinand offers five“You would look at clubs like Arsenal for example, which had, as a significant minority shareholder, Alisher Usmanov at some point,” he said.
“who with Farhad Mushiri He moved to Everton and a lot of the problems Everton faces are due to losing money to Usmanov.
“You could say that it might have been the case for Arsenal if things had gone differently and the Kroenke family had not taken complete control of the stock market.”
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Amid Ornstein’s hypothetical argument, there was no suggestion that Arsenal had breached Financial Fair Play rules.
“There were a lot of questions about why we hadn’t spent more money for so many years,” Ornstein continued.
“And now clubs like Arsenal Manchester United Even Newcastle, under its Saudi ownership, say, “We cannot do that because of the rules of financial fair play, profits and sustainability.”
“We don’t want to break it because of the possible consequences,” and perhaps we now see why they insist on doing so.
“And maybe their supporters will return a little credit or reduce the frustration they’ve expressed about the lack of spending because if you’re not careful you could be in that position.”
“Ultimately, whatever the politics or agenda around this – and there will be a lot of chatter and conspiracy theory – it is clear that the Premier League is trying to be tough and show that it can govern properly and create a league that people trust.”
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