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
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
Bayern Boss Not Allowed To Board Plane to USA    
Bayern Munich executive board chairman Karl-Heinz Rummenigge, along with six youth players and three crew members ...
Thai Refs Must Swear Oath to Buddha     
Thailand's soccer federation bosses have made more than 100 referees swear an oath of honesty at ...
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
>> Section 2 Around the Net Archives