US billionaire Stan Kroenke owns 67 percent of shares in The Gunners, through his company KSE, but he has reportedly done a deal to buy Uzbekistan-born Russian businessman Alisher Usmanov's 30 percent stake. The deal, which values the north London club at £1.8 billion (US$2.33 billion), marks the end of a decade-long battle for control of the club between Kroenke and Usmanov. In 2009 Kroenke bought enough shares to overtake Usmanov as the largest shareholder and two years later he bought a majority shareholding. Arsenal's majority shareholder Stan Kroenke is set to take full ownership of the football club in a deal valuing it at £1.8bn after the second largest shareholder Alisher Usmanov indicated he would accept the offer — Sky News Breaking (@SkyNewsBreak) 7 August 2018 Arsenal Have Fallen Behind Rivals But many Arsenal fans have accused the American of failing … [Read more...] about Stan’s Gunner Go for It: But Why Does Kroenke Want to Buy All Shares in Arsenal?
Why does company buy back shares
People are worried about stock buybacks.One strain of thinking that I see a lot of these days is a sort of crypto-gig-utopianism. The idea here is that some modern technologies—the internet, which allows people all over the world to come together to do stuff; smartphones, which allow you to access that stuff instantly wherever you are; blockchain and cryptocurrencies, which allow distributed coordination among independent agents without a central coordinator who owns the results—have reduced transaction costs to the point that traditional firms are unnecessary. You don’t need a big corporation with a chief executive officer and layers of middle management and a human-resources department and stock options and a permanent headquarters to centrally plan and coordinate projects. People who want a project to happen can form an ad hoc team to do the project, and raise money from people who want it done, and do it, and receive the rewards, and move on to the … [Read more...] about Companies Keep Buying Back Stock
People are worried about stock buybacks.One reason that people sometimes worry about stock buybacks is that they are supposedly a form of market manipulation: If a company buys its own stock, it’s probably because it wants the stock to go up, and that is arguably manipulative. People who dislike stock buybacks often make this argument. But people who like stock buybacks also seem to assume that they are a little manipulative, and so you often get articles where people worry that, without enough corporate buybacks, there’ll be no one to prop up the prices of stocks. And in fact the original understanding, way back in ancient financial history, was that corporate stock buybacks were probably illegal market manipulation, and so companies rarely did them. And then in 1982 the Securities and Exchange Commission came along with Rule 10b-18, which gives companies a “safe harbor” from manipulation liability if they follow its … [Read more...] about Companies Want Buybacks to Be Easier
Say we ran a poll asking visitors to nominate their choice as the greatest investor of the last 20, 50, 100 years – it would be quite a shock if the name at the top of the list turned out to be anyone other than Warren Buffett. That being so, then, why do more people not try and mimic the investment approach of the ‘Sage of Omaha’, buying whatever he owns in his portfolio? This is a question we have addressed before on The Value Perspective blog in Sage advice II. We are revisiting it now after recently coming across a 2016 blogpost by US investor Meb Faber, seductively entitled How to beat 98% of all mutual funds. In our own article, we pointed to a number of practical difficulties in trying to clone a Buffett portfolio and Faber also argues it is easier said than done. One immediate plus, he notes, is mirroring Buffett would be cheap because he operates a very low portfolio turnover – that is to say, he does not buy and sell stocks very often. The problem with … [Read more...] about Why Warren Buffett’s investment portfolio now holds the equivalent of BP in cash
Business 29 March 2018 Share this with Facebook Share this with Twitter Share this with Messenger Share this with Messenger Share this with Email Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link http://www.bbc.com/news/business-43584763 Read more about sharing. These are external links and will open in a new window Close share panel Volkswagen has said it will buy back new or nearly new diesel cars affected by diesel bans in German cities. A German court recently ruled that cities should be allowed to ban some diesel cars to reduce pollution.The scheme will … [Read more...] about VW to buy back cars hit by diesel bans