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Arsenal supporters criticise £3m payment to Stan Kroenke
Arsenal supporters have reacted furiously to the revelation that the club has paid £3m for the second year running to a US company owned by its American majority shareholder, Stan Kroenke. The payment of exactly £3m to Kroenke Sports and Entertainment LLC, disclosed in the 2014-15 Arsenal accounts, is stated to be for the same reason as the £3m was paid for in 2013-14 – “strategic and advisory services”. Kroenke owns 67.3% of the Arsenal shares, having paid multi-millions of pounds in 2011 to the previous long-term major shareholders, including Nina Bracewell Smith, whose shares were worth £116m, and Danny Fiszman, for whose stake Kroenke paid £159.5m....
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-10y from TheGuardian.com
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