Arsenal owner Stan Kroenke angers fans by taking £3m out of club

[Ollie the Optimist]

owner taking money out of a business isn't that shocking really. it happens everywhere, however what is shocking is the way it seems to be done. If he just took a 3 million pound dividend, most probably would be that angry, its the fact that the 3% rise in prices will roughly be 3 million pounds extra and thats what he has been paid.

however his taking money out of the club is nothing compared to what podolski does. fucking hell, he makes kronke look like a saint in taking 3 million out of the club. 100k a week and he does fuck all

[Bumble]

I believe this was for consultancy services... but wow that's a lot. Although what difference is £3m going to make to a billionaire, like someone giving us a tenner. it is nice but not exactly going to change our lives.

but considering how much it has cost Kroenke to buy arsenal, you do wonder why as the only way he is going to get his money back is if he sells the club on... although perhaps that is the plan as after spending over £400m on buying arsenal. you don't get that money back with a football club. Football clubs aren't there to make a profit, they should be there to break even.

[She Wore A Yellow Ribbon]

owner taking money out of a business isn't that shocking really. it happens everywhere, however what is shocking is the way it seems to be done. If he just took a 3 million pound dividend, most probably would be that angry, its the fact that the 3% rise in prices will roughly be 3 million pounds extra and thats what he has been paid.

however his taking money out of the club is nothing compared to what podolski does. fucking hell, he makes kronke look like a saint in taking 3 million out of the club. 100k a week and he does fuck all

Angry Ollie

[AFC Leveller]

Owners taking money out of their club is nothing new but THIS owner has not put a single penny of his dosh innto the club.

[PGFC]

Owners taking money out of their club is nothing new but THIS owner has not put a single penny of his dosh innto the club.

How did you work that one out?

[AFC Leveller]

We are a self sustaining club and our transfer and wage money come from sponsors, TV rights and gate revenues. Has Kroenke invested any money (other than buying shares) direclty into transfers or wages? dont think so.

[Injury Time]

How did you work that one out?

He's bought shares, not added to the operating cash, think that's what he's referring too

[PGFC]

We are a self sustaining club and our transfer and wage money come from sponsors, TV rights and gate revenues. Has Kroenke invested any money (other than buying shares) direclty into transfers or wages? dont think so.

Ah, I get you, you want him to pay the ball-boys out of his own pocket too

[AFC Leveller]

Ah, I get you, you want him to pay the ball-boys out of his own pocket too

Why not!

[Niall_Quinn]

I suppose this £3mill might also be connected in some way to FFP. There are a lot of weird and wonderful payments and counter-payments going on now that books have to be cooked balanced in light of the new regulations. £3mill is an odd amount for a guy who probably has that much lost down his sofa.