
Billionaire ball game
The Documentary Podcast
00:00
Arsenal to Become a Private Company
The majority shareholders, stan cronky, will own all the club shares to a compulsory purchase order. The real estate developer became a bona fide member of the super rich when he married into the family that owns american super store chain walmark. Despite huge revenues from booming t v rights dealers, nearly all the club's money was being spent on players wages. He set about trimming outgoings, whilst at the same time upping his stake in the club. Ten years later, he was a majority shareholder an arsenal's annual revenue had sky rocketed from 280 to 530 million dollars,. which sounds like a great result all round. Right? I'd like somebody who comes to
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