Arsenal shareholder Stan Kroenke takes £3m out of the club

Arsenal's majority shareholder Stan Kroenke reportedly angers fans by taking £3m out of the club's accounts.

Arsenal's majority shareholder Stan Kroenke has reportedly taken £3m out of the club.

The money removed from the club's accounts was paid to KSE LLC for strategic and advisory services in relation to the North London outfit's broadband division.

According to The Guardian, the figure is the same amount that the club pocketed from a three per cent rise on season-ticket prices for the season, which has sparked anger among Arsenal fans.

Kroenke, who is also involved in American franchises including the NBA's Denver Nuggets and NFL's St Louis Rams, has not taken any dividends directly from Arsenal since taking over the Premier League club in 2007.

General view outside the Emirates Stadium before the English Premier League football match between Arsenal and Bolton Wanderers on September 24, 2011
Read Next:
Arsenal fans to protest against ticket prices
>
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account
LIVE SCORES VIDEPRINTER
expand