Arsenal fans lose patience with Stan Kroenke's stewardship

 

Arsenal's majority shareholder Stan Kroenke yesterday insisted he was still committed to winning trophies after an acrimonious annual general meeting at which he was confronted by supporters, accusing him of not meeting fan groups and criticising him for failing to rule out paying a dividend to investors.

With the Arsenal Supporters' Trust voicing their "suspicions" that Kroenke "might take money out of the club," the American said he was just as desperate to bring trophies to Arsenal as anyone else. "I am ambitious for the club and we all share the same goal," he said after yesterday's meeting.

Kroenke refused to confirm there would not be a dividend payout to shareholders. "This club is run through the board, so those would be board decisions," he said. The chief executive, Ivan Gazidis, told supporters to "look at the track record of the board which has consistently reinvested funds back into the club".

Tim Payton of the supporters' trust admitted his concern afterwards. "We all suspect that [Kroenke] might take money out of the club," Payton said, "and Stan Kroenke gave no commitment not to take dividends out of the club."

Payton also said at the meeting that Kroenke had "not fulfilled" a commitment at the time of the takeover to meet with supporters' groups, a point which drew applause from the floor.

The manager, Arsène Wenger, who was more warmly received than anyone, reaffirmed his belief that qualifying for the Champions League was worth more than some trophies. "For me, there are five trophies: the first is to win the Premier League, the second is to win the Champions League, the third is to qualify for the Champions League, the fourth is to win the FA Cup and the fifth is to win the League Cup."

Suggested Topics
Have you tried new the Independent Digital Edition apps?
Latest in Sport
Sport
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Greece debt crisis: EU 'family' needs to forgive rather than punish an impoverished state

EU 'family' needs to forgive rather than punish an impoverished state

An outbreak of malaria in Greece four years ago helps us understand the crisis, says Robert Fisk
Gaza, a year on from Operation Protective Edge: The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas

Gaza, a year on from Operation Protective Edge

The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas
How to survive electrical storms: What are the chances of being hit by lightning?

Heavy weather

What are the chances of being hit by lightning?
World Bodypainting Festival 2015: Bizarre and brilliant photos celebrate 'the body as art'

World Bodypainting Festival 2015

Bizarre and brilliant photos celebrate 'the body as art'
alt-j: A private jet, a Mercury Prize and Latitude headliners

Don't call us nerds

Craig Mclean meets alt-j - the math-folk act who are flying high
How to find gold: The Californian badlands, digging out crevasses and sifting sludge

How to find gold

Steve Boggan finds himself in the Californian badlands, digging out crevasses and sifting sludge
Singing accents: From Herman's Hermits and David Bowie to Alesha Dixon

Not born in the USA

Lay off Alesha Dixon: songs sound better in US accents, even our national anthem
10 best balsamic vinegars

10 best balsamic vinegars

Drizzle it over salad, enjoy it with ciabatta, marinate vegetables, or use it to add depth to a sauce - this versatile staple is a cook's best friend
Wimbledon 2015: Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

Serena dispatched her elder sister 6-4, 6-3 in eight minutes more than an hour
Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy