That's the one. The railings at the back of the school yard look onto the back of the cemetery. In between the railings and the cemetry fence there used to be signs of a disused railway track.
If they take a salary, they are taking money out of the club. You can call it what you want, salary, bonus, dividend, it's all money from the bottom line. The club, like anything, is worth what somebody will pay. The new stadium will actually increase the value, as will the ever escalating money from TV, global merchandising, etc. As I've said, there's a reason so many Yanks are buying up Premiership clubs. A love of Soccer ain't the reason!...
PISKIE, any investor coming in is going to look at Spurs the same way the Arabs looked at £ity, and say to themselves, "We can make this one of the best clubs in Europe." Forget the North London Power-Shift, that everyone is going on about, pal! When we are bought out we will blow little Arsenal right off the ****ing map!
i would imagine it was very hard to get into Cambridge from there, was it a grammar or secondary modern ? either way well done what did you gain a degree in ?
Tottenham Grammar School disappeared in the late 60s, I believe, and became a modern comp school. It had great facilities, and was one of the best equipped schools in its day. Still, I doubt that many went on to University from there, let alone Oxbridge. I made it through in spite of my background, which ought to inform you a little about my character. I studied law at University.
Do you expect them to work for free ? You're equating the 'hard nosed' businessmen taking money out of a club with the Ticket office staff or Catering staff getting paid their salary and trying to say that they are both 'taking money out of the club'. It's nowhere near the same as shareholders or directors taking dividends from the profits of the club.
They pay themselves just a tad more than the tea lady! Plus you can see what the tea lady actually does. But yes, the principle is the same. It's all money going out from the club.
The principle of wages is the same, an employee is remunerated for their work. The principle of taking money out of a club as a shareholder or director in dividends, bonuses etc is completely different.
It's not that different Piskie. Dividends or wages? One avoids a bit more tax than the other, that's all. I suppose we could commend them for paying the taxman
It's all money from the club some of these directors earn their salary, or partially do. But you can bet others don't. How they take the money is irrelevant. They're still taking it.
Your initial statement though was that they are only in it for the money. If that was the case at Arsenal, then the directors would vote to take the maximum out that they can in terms of salary, dividends and bonuses. The fact is that they don't, they take a salary (and even then Kronke only takes £25k per year!) but they take no money out of the club otherwise. The directors at Arsenal vote to waive any dividend payments and instead it is reinvested back into the club. Even some emoluments are given to charity.
They will make money, don't worry. I assure you characters like Kroenke and Usmanov are not in this for any great love of the game. They're in it for profit. Whether that comes from selling their shares, which either of them could do - and probably at a handsome profit, or by some other future plan to take dividends, time will tell. Always remember, the power in any corporate structure lies with the shareholders, not the directors. Kroenke is your major shareholder with some two thirds of the shares. This essentially means that he owns your club. He can move the financial goalposts any time he likes.
Speculative. Usmanov who knows ? but Kronke has no intention of selling his stake in Arsenal. Unlike Joe Lewis at Spurs who seems to want to cash in.
In theory he can sell his shares whenever he wants, but he's got no intention to and when asked, has always said he's in it for the long term at Arsenal. Also it still wouldn't change the dividend issue at Arsenal as all of the directors need to vote on making that change and currently they have all agreed that no directors will take any money out of the club.
Long term is whatever he deems if to be. The directors don't matter! Kroenke can fire them tomorrow, if he chooses to. He is your majority shareholder, as such he controls the club, as nobody can outvote him.
Not going to happen though. Also if Kronke was 'in if for the money' then he would have outvoted the long standing agreement that Arsenal directors have that they do not take any money out of the club.
That's the point. When Kroenke thinks the time is right he will sell, or start taking money another way. He's in control and is not in this for the love of the game. Don't kid yourself!
