Stan Kroenke Defends Glazer Family's Running Of Manchester United
EPL club Arsenal Owner Stan Kroenke "described the Glazer family as ideal owners and said that they have every right to take money out of Manchester United," according to Tom Dart of the LONDON TIMES. In an in-depth interview, Kroenke "praised the Glazers, whose stewardship of United has proved hugely controversial because of the amount of debt their 2005 takeover loaded on to the club." Kroenke "defended the Glazers’ decision to profit from their asset and suggested that disgruntled supporters should give them credit for the stability and success under their reign." When asked about fans' protests against the Glazers, Kroenke said, "But they won. And they have increased revenues by a huge amount. If I was a fan of that club, I would sit there and go, 'Wow.' Because how could you do it any better?" Kroenke added, "We have a whole different philosophy I think in the States, maybe, but it’s time maybe for everybody to think a little bit ... about who invests in these clubs. What do you want for the long term? Because in the States, you would never get this dialogue that you and I are having. 'He took money out of the club.' So what?" He continued, "[Lakers Owner] Jerry Buss takes money out of the club. A lot of owners in the U.S. do. No one ever says anything about it. What’s it about, in fairness? Did the Lakers win anything? Well, yeah. They did. How big’s their revenue? Pretty darn good" (LONDON TIMES, 11/1). Meanwhile, Kroenke said that winning "without breaking the bank would continue to be Arsenal’s aim." Kroenke: "I would be much more proud if all our leagues were developed with the idea that you are competing on the basis of intellect and work and effort instead of just simply 'I am going to throw dollars against the wall'" (BLOOMBERG NEWS, 10/31). In London, David Hytner notes Kroenke has left an impression that "personal financial gain was not his priority" in buying Arsenal. Kroenke said, "There's no guarantee I'll make any money. As a matter of fact, believe it or not guys, you can actually lose money in sports! I know that you'll find that shocking" (GUARDIAN, 11/1).