Ecclestone could only buy Arsenal if the Kroenke/Dein consortium, now holding in excess of 30% of all Arsenal shares, sold to him. This seems unlikely and would be close to an impossiblity should they declare a formal takeover within the week as is expected. Unless Ecclestone wants to get into a bidding war for a club already vastly over-valued at £650 million, of course. That said, Sports Investing is the exciting new alternative to the long-term, blue chip portfolio of the bored investor. But even with that I can't see someone paying £700-800 million for any football club particularly someone quoted as saying:
Quote:
Originally Posted by Satan
I'll buy anything if it's cheap enough.
|
What it does do is put pressure on the Arsenal board to sell to someone (since their investment now so valuable) and better the devil himself than Bernie Ecclestone.