Arsenal's shareholders and supporters questioned a multi-million pound payment to majority shareholder Stan Kroenke at the club's AGM on Thursday, discomfiting chairman Chips Keswick.
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The club paid Kroenke Sports and Entertainment (KSE), owned by Kroenke, 3 million pounds ($4.6 million) for unspecified “strategic and advisory services” for the second successive season.
Shareholders repeatedly asked for details of the services the payment had procured, with the situation escalating to the point where Keswick was asked: “Is there a written contract or is it like (Michel) Platini and (Sepp) Blatter's verbal agreement?”, which prompted an irate response.
“I am not Mr Platini, I am not Mr Blatter, and there is not a written whatever-you-wanted because as I have explained, good advice is where you can get it and how you get it and if you get good advice then you succeed.
“I don't know how many of you here run your own businesses but those of you who do will know that the best advice you can get is the quick advice from people - and this is the point - in other organisations who know more about the problem than you do.
“If you are humble enough to accept that then you go and you get good advice. That is precisely what we do at the Arsenal with KSE,” Keswick said.
Source : iol.co.za
