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
Report: Clasico to Break Records     
AS reports that Saturday's Clasico between Real Madrid and Barcelona at the Bernabeu in Madrid will ...
Dunga Names Neymar Brazil Captain    
Brazilian national team coach Dunga on Friday revealed that Neymar will retain the captain's armband when ...
Reports: Lampard Could Extend City Stay     
According to reports in England, Frank Lampard could be able to stay on loan at Manchester ...
Pogba Signs Three-Year Extension with Juve    
Juventus midfielder Paul Pogba on Friday signed a new deal that will keep him at the ...
Rio Ferdinand to Retire This Season    
Former England captain and Queens Park Rangers defender Rio Ferdinand has said he plans to retire ...
Garcia: Roma Must Respond Following Bayern "Accident"     
AS Roma coach Rudi Garcia on Friday admitted that his team has a long way to ...
Mourinho: Costa Could Play Against Man United    
Jose Mourinho on Friday revealed that Chelsea striker Diego Costa could play at Manchester United on ...
Enrique: Suarez to Make Barca Clasico Debut     
Barcelona coach Luis Enrique on Friday confirmed that Luis Suarez will play in Saturday's Clasico vs. ...
Sporting Demands UCL Replay     
Sporting Lisbon has lodged a formal complaint with UEFA demanding a replay of its UEFA Champions ...
FIFA Rankings: USA Falls to 23rd    
Jurgen Klinsmann's USA fell six places to 23rd in FIFA's international rankings following a pair of ...
>> Section 2 Around the Net Archives