Arsenal are expected to publish their yearly accounts today and (other than the 200m cash reserves) they are expected to show another £3m payment to Kroenke Sports and Entertainment (KSE), the company that owns Kroenke’s sporting interests, purportedly for ‘advisory services’, the same terms used for the £3m payment to the same company last year.
Remember Aliko Dangote? The Nigerian billionaire recently was in the news for declaring his interest in buying Arsenal. He reveals that buying the club will help raise the profile of his home country Nigeria.
The last couple of years have been the best for a long time for Arsenal and the fans, financially speaking as well as on the pitch. Not only has Arsene Wenger finally had some decent money to spend in the transfer market following the Emirates stadium debt being paid off, but our big spending rivals Chelsea and Man City have had their wings clipped a bit by the Financial Fair Play rules that UEFA brought into action in 2009.
There has been a lot of talk in recent years about the way Arsenal Football Club has been run under Arsene Wenger and more specifically, since the American billionaire Stan `silent Stan´ Kroenke kept increasing his take and became the major shareholder.
Who Deserves A New Contract at Arsenal? by the Cosmic Kid