Jay-Z’s Corporate Takeover To Hit European Soccer?

09.15.10 7 years ago 29 Comments

Recent reports have surfaced reiterating Hov’s plans to invest heavily in Arsenal F.C., one of Europe’s elite soccer clubs despite winning jack sh#t since 2005. On both footballing and financial fronts, the timing of such a move couldn’t be any better. Currently second in the Premiership, Arsenal is on the cusp of winning a title. Manager Arsene Wenger’s stubborn faith in developing their youth products the past five years has finally yielded a squad full of internationals capable of engineering a dynasty—only two players in their first team are age 30 or older. Their title rivals, on the other hand, are either too old (Chelsea) or lack strength in numbers (Manchester United) or have little chemistry (Man City and Liverpool). The future of World Cup-winning Cesc Fabregas remains a question mark, but there’s Samir Nasri, Andrei Arshavin, and Jack Wilshere to fill the gap.

Behind-the-scenes, the team remains profitable unlike many of their peers, thanks in part to Wenger’s shrewd spending and their revenue-generating state-of-the-art playing ground, Emirates Stadium. Stan Kroenke, owner of the Denver Nuggets, St. Louis Rams, Colorado Avalanche, and the MLS’ Colorado Rapids, also happens to be Arsenal’s largest shareholder and is a single percentage point away from having to purchase the team in full. By investing, Hov could either prevent this or come in after the fact to be part of an ownership with unquestioned security—Kroenke’s married to a Walton, after all.

With the deck clearly in his favor, there’s little to suggest Hov’s simply taking a piss.

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