Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Board Accused of Running Arsenal for Profit, Not Trophies
Guardian, October 26th, 2012 11:57AM

MOST READ
TAGS:  arsenal, england

MOST COMMENTED

Arsenal CEO Ivan Gazidis, Chairman Peter Hill-Wood and majority shareholder Stan Kroenke were all heckled on Thursday at the club’s annual general meeting, where questions were raised about how the club was being run. Club manager Arsene Wenger was later forced to use his address to calm what the Guardian described as “an increasingly tense debate.”

Several angry shareholders accused the managing trio of being more interested in turning a profit than winning trophies. One even said the board was “ruining the club,” prompting Gazidis to respond that Arsenal’s strong financial position—it runs a surplus whereas most of the Premier League’s top clubs are in debt—means it “will be able to compete among the leading clubs in the world” once UEFA’s Financial Fair Play rules come into effect in the next two years.

However, the room full of supporters was less than impressed with his assertion, the Guardian said, giving the impression they would rather see Arsenal “walk the walk instead of talking the talk.”

The tense scenes at the meeting also prompted Kroenke, the American billionaire who owns close to 67 percent of Arsenal, to issue his first public statement regarding his plans for the club on its official Web site. “The reason I am involved in sport is to win,” he said. “Everything else is a footnote. I can assure you no one is more ambitious than me ... We have an exciting future and our goal is to win trophies." 

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Borussia Dortmund Enters Break at Bottom    
Borussia Dortmund, German champion in 2011 and 2012, enters the Bundesliga winter break tied for last ...
Eric Abidal Bids Adieu    
Former France international defender Eric Abidal played his last official game Saturday as his Olympiakos team ...
The price of being an EPL mascot    
Just how do those adorable boys and girls who hold hands with their favorite stars and ...
World Champs Sell 3 Million Jerseys    
Adidas announced it has sold more than three million Germany national team replica jerseys shirts in ...
Freddy Adu Leaves Serbian Club    
Orlando City Signs Shea     
New MLS club Orlando City on Friday announced the signing of U.S. national team midfielder Brek ...
Report: Juve Eyes January Move for Falcao     
According to Italian soccer site Calciomercato, Manchester United may consider getting second-choice striker Radamel Falcao's huge ...
Reus Fined $665K for Driving without a License    
Borussia Dortmund forward Marco Reus has been handed one of the biggest driving fines in German ...
Balotelli Receives One-Game Ban, Fine for Instagram Post    
Mario Balotelli received a one game ban and a fine of 25,000 pounds after being found ...
Robbie Rogers: FIFA 'Insane' to Host World Cup in Russia, Qatar    
LA Galaxy left back Robbie Rogers has spoken out about FIFA's decision to stage the next ...
>> Section 2 Around the Net Archives