Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Board Accused of Running Arsenal for Profit, Not Trophies
Guardian, October 26th, 2012 11:57AM
Subscribe to Section 2 Around the Net


MOST READ
TAGS:  arsenal, england


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
Man City Linked with Several Big Moves    
Spanish wonderkid Isco won't make a decision on his future next week at the earliest, the ...
Several Clubs in Gomez Talks     
Bayern Munich striker Mario Gomez, who was the back-up to Croatia international Mario Mandzukic for most ...
Chelsea Lands Favorable EPL Schedule     
The English Premier League schedule was released on Tuesday, and by most accounts, David Moyes' Manchester ...
Reports: Capello to Join PSG     
After Sky Sports Italia on Tuesday reported that Paris Saint-Germain had agreed to pay the $4 ...
West Ham Completes Record Carroll Signing     
West Ham United on Wednesday signed Andy Carroll from Liverpool on a six-year deal for a ...
Selecao Offers Support for Brazil Protests    
The violent protests that started in Brasilia with the opening game of the FIFA Confederations Cup ...
Report: Brazil's Under-Prepared Tourism Industry     
We're less than a year ahead of next summer's World Cup in Brazil, and the AP ...
Arrest Made in Soccer Dribbler Death     
Scott Van Hiatt, of Neskowin, was arrested on Monday, charged with the criminally negligent homicide of ...
Ethiopia Admits Using Suspended Player    
Sahilu Gebremariam, President of Ethiopia's soccer federation, has admitted that his team used a suspended player ...
Koscielny to Bayern or Barca?    
Laurent Koscielny's agent Stephane Couris has told Eurosport that his client is a summer target for ...
>> Section 2 Around the Net Archives