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SBD/October 26, 2012/Franchises
EPL Arsenal Owner Faces Critics At Shareholders Meeting, Defends Club Management
Published October 26, 2012
NOT SHOWING RESPECT? In London, Gary Jacob notes Wenger was "applauded, but not even he could employ enough charm to placate a number of disgruntled shareholders and protect his board, as he has done in the past." Kroenke looked "shell-shocked at being heckled over his failure to answer two questions." The "irritation and impatience" of Hill-Wood "erupted when he ended the meeting at Emirates Stadium by telling fans: 'Thank you for your interest in our affairs.'" It was "among a number of patronising and disrespectful comments from Hill-Wood that only served to antagonise fans" (LONDON TIMES, 10/26). ESPN.com's Miguel Delaney wrote the board "had to justify the direction of the club in the face of what was probably the most fractious atmosphere ever seen at the event" (ESPN.com, 10/25).
STAYING COMMITTED: In London, Jack Pitt-Brooke notes Kroenke "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" (London INDEPENDENT, 10/26).
THE NEW DEAL: In London, Matt Scott notes Arsenal's contract with Nike "expires in 2013-14 and Adidas’s interest is set to hugely improve" the $21M a year the club will earn from it. Arsenal fans buy "800,000 shirts every year, the third biggest number in Nike’s portfolio after Manchester United and Barcelona." It is "understood Adidas is hoping to renew an association with Arsenal that ended in the mid-1990s after taking the strategic decision to 'own' London." adidas is "also believed to be set to conclude a deal with Fulham" (London TELEGRAPH, 10/26).