Search

Arsenal shareholders voice displeasure with current board at Annual General Meeting

PUBLISHED: 17:00 27 October 2017

Arsenal manager Arsene Wenger during a training session at London Colney (pic Yui Mok/PA)

Arsenal manager Arsene Wenger during a training session at London Colney (pic Yui Mok/PA)

PA Wire/PA Images

Gunners boss Arsene Wenger reveals the difficulty he faces in keeping supporters’ happy

Arsenal shareholders used the club’s Annual General Meeting to voice their displeasure at the current board.

In a rare move to show their unhappiness with the set-up, shareholders voted down two resolutions to re-elect chairman Sir Chips Keswick and director Josh Kroenke.

This was despite the fact they were told majority shareholder Stan Kroenke had already voted by proxy in favour of retaining the pair - with his 67 per cent holding swaying the vote.

At least 200 shareholders, many of which were left standing at the start of the AGM as not enough chairs were provided, turned up to the Emirates Stadium to hear from Keswick, chief executive Ivan Gazidis and manager Arsene Wenger.

The majority of those shareholders in attendance voted against the re-election of Keswick as well as the re-election of Kroenke’s son to the board.

Poll votes took place in the room but were defeated as both Kroenke and Alisher Usmanov - who owns more than 30 per cent of the club and has made noises about attempting to buy out Kroenke - voted in favour of the pair being re-elected.

Arsenal boss Arsene Wenger commented on the voting and the difficulty he faces in keeping fans happy.

He said: “I dedicate 99 per cent of my lifetime trying to make you happy. Looking at today, that is not easy. My determination is as strong as ever.”

Earlier, Keswick defended the £2.6million pay-out to Gazidis, with shareholders questioning why his payment remained the same despite a poor season on the pitch.

“Ivan is doing a fantastic and first-class job leading the development of this club across every aspect of its operations and is representing it in the Premier League, the European Club Association and UEFA level,” the 77-year-old said.

“I would also add that it is important the remuneration of all the club’s management remains competitive in order to attract and retain talent. In this regard, our CEO’s pay is comparable to clubs of a similar stature.”

The Arsenal Supporters’ Trust had issued a letter on the eve of the meeting urging shareholders to vote against the re-elections and in doing so, there was an hour-long process put in place as votes were cast.

There have been protests against Kroenke’s ownership, including chants at recent games, as fans turn their angst away from Wenger and focus more towards the board.

But Kroenke said he is “committed long-term” at the north Londoners and said in an interview with the Daily Telegraph and Daily Mirror: “Just go look at our history.

“We get into these things to try to grow them .You don’t see us selling things. You just don’t. We are committed long-term.”

Wenger signed a new contract until 2019 putting to bed speculation about his future, and the Frenchman has Kroenke’s full backing.

“An easy answer is to do something,” said Kroenke.

“It’s harder not to do something. We have dealt with this a lot in different organisations and we just think that Arsene is doing a great job and he’s the right guy.”

Latest Hampstead & Highgate Sports News

FA Cup fourth qualifying round: Haringey Borough 2 Poole Town 1

The Hammers huffed and puffed but couldn’t beat Hugo Lloris

Former Arsenal midfielder Jack Wilshere has been discussing various topics with Layth Yousif during his exclusive interview this week. The talented 26-year-old invited Layth to his house for an in-depth discussion on a wide-ranging number of issues as the star prepares to launch his first soccer school at the end of this month. Read on for more...

West Ham United Hammers midfielder Jack Wilshere says there is far more to come from Manuel Pellegrini’s side this season.

Nicky Shorey has a 100 per cent record so far, but can expect a big challenge on Saturday

Yesterday, 15:00

The Chilean praised Tottenham Hotspur manager Mauricio Pochettino ahead of the capital clash

Yesterday, 11:00

Mauricio Pochettino and Harry Kane urge Spurs to kick on following record-equalling league start

Yesterday, 10:24

Wembley Stadium plays host to the second of its three NFL games of the season on Sunday and fans will be hoping that they are treated to a better game than last week’s one-sided contest between the Seattle Seahawks and the Oakland Raiders.

PROMOTED CONTENT

Looking to get your child interested in a sport? Allianz Park, home to rugby union team Saracens, welcomes people of all ages to join their family of supporters and discover how their core values Honesty, Discipline, Humility and Work Rate underpin everything they do off and on the pitch.

As part of a major refurb, the London Marriott Hotel Maida Vale has renamed its three new-look function rooms to reflect the geography and rich history of the area. The largest, perfect for weddings and large meetings, is named after a Hampstead subterranean river, The Westbourne.

Londoners seeking high quality houses for sale within easy commuting distance of the capital are being advised to look north to St Albans’ prestigious Gabriel Square development.

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Most read Hampstead & Highgate sport

Show Job Lists

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now