December 12 2013 Latest news:
Friday, October 18, 2013
Arsenal manager Arsene Wenger gave a positive address to shareholders at Arsenal’s annual general meeting on Thursday, where owner Stan Kroenke again reiterated the board’s desire to deliver success on the pitch.
The Gunners have an early lead at the top this season and, unlike the last two campaigns, are not playing catch-up.
“We have a huge ambition to win this league again and that is the target of the season,” Wenger said.
“I am quite happy that we have shown to you that we are not scared to spend money when we think the players have the quality and we have the funds available to do it.
“I believe we have a huge advantage in that our club is well respected all over the world because we have values, because we are not artificial, because we are based on tradition, we are as well forward thinking and we give a chance to young people who deserve it. That is for me something that is very important to preserve.”
New chairman Sir Chips Keswick had opened the AGM, and paid tribute to his predecessor Sir Peter Hill-Wood, who retired earlier this year because of ill health.
With fortunes on the pitch much improved, the atmosphere at the meeting was much less tense than in previous seasons.
Pre-submitted questions from shareholders were read out by Keswick, which included those on whether Kroenke would be looking to take a dividend from his majority shareholding, which was denied, as well as relations with Uzbek-billionaire Alisher Usmanov, whose Red & White Holdings company are now the second largest shareholders at some 30 per cent, and on Arsenal’s summer bid to sign Luis Suarez, a player who was banned for racism and biting an opponent.
Earlier, some Arsenal fans from the ‘Black Scarf Movement’ had staged a small protest outside the entrance to the Highbury Suite.