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Kroenke To Face Scrutiny At Meeting Of Arsenal Shareholders

Posted: Tue Oct 14, 2014 4:32 pm
by RealGM Wiretap

Stan Kroenke, majority owner of Arsenal, is set to face tough questions from minority shareholders at Thursday’s annual general meeting over a £3 million payment from the club to his holding company.

There is also disquiet over the fate of the Fanshare scheme and ongoing issues over player recruitment.

Kroenke, who bought a majority stake in the club in a £731 million deal in 2011, has repeatedly dodged questions on whether he would take a dividend, but pointed to the fact he had never done so at his US sports franchises.

Some fans are also concerned that a data-analytics company bought by the club in 2012 could be providing services to other KSE (Kroenke Sports & Entertainment) companies without receiving proper compensation, essentially taking money out of the club.

Via Owen Gibson/The Guardian