A little basic corporate finance for those who didn't see Fiszman's interview on Sunday.

Given that Stan Kroenke is not an Arsenal fan or indeed a "soccer" fan, he is looking to make a profit. It is unlikely that he will be able to purchase the club for less than £500m. Let's be generous and say that he throws in £50m for transfers to sweeten the transfer of ownership and persuade the small shareholders to sell. We are led to believe the man is worth in the region of $2billion. At the current exchange rate that is around £1billion. Would it be prudent for such a man to invest half of his net wealth in a "soccer" club?

He will borrow against his wealth then transfer the debt onto the club. He will then need to repay interest of around £33m per year assuming a 6% interest rate (generous given current commercial rates). Given that he is a businessman, he will look to take a profit in some form or other. Let's suppose a quite reasonable 3% dividend. That is £16.5m. In total around £49m will therefore need to be paid out before a ball is kicked. Revenues are likely to be around £160 million. Arsenal works on a salary/revenue ratio of around 55%. Hence around £88m goes straight out. So far £137 million has been paid out of the club leaving room for profit of £23m.

On the other hand, if the ownership stays the same, the debt is less than half that mentioned above with no dividend being paid out as Arsenal have never paid one. Hence greater profit and greater investment in the team.

All the management need to do is hold tight for two years until the Highbury development pays off then we will be free to invest at never before seen levels with minimal, manageable debt and a stable management structure.

So can anyone tell me how the proposed takeover is beneficial to anyone outside the media with a story to sell and space to fill?

I tried to submit this piece to the BBC blog of that odious buffoon Mihir Bose, but strangely, it never made it through the vetting process. Can't think why… Ed’s note – BBC claim that this was due to technical problems and was not down to negative comments about Spurs fan Bose – who has a history of being far from neutral in his coverage of Arsenal matters. Some responses (over 100 at the last count) are up now