Arsenal shareholder Alisher Usmanov will consider his strategy for the soccer club by the end of the season, saying majority owner Stan Kroenke “doesn’t show any wish” to create a winning team.
Arsenal Chief Executive Officer Ivan Gazidis said owner Stan Kroenke won’t panic after the London soccer club’s worst start in 58 years. He said coach Arsene Wenger’s job isn’t at risk.
Arsenal is two years away from competing financially with major soccer clubs as the London team signs more valuable sponsorship contracts and the sport’s European governing body starts to enforce financial rules, its chief executive officer said.
Arsenal has “a substantial amount of money” to spend on new players during the current trade period, said Ivan Gazidis, the Premier League soccer club’s chief executive officer.
Arsenal signed a 150 million-pound ($239 million) agreement with Emirates to extend the Gulf airline’s sponsorship of the Premier League soccer club’s shirts and stadium.
Arsenal Holdings Plc said a decline in property income and player sales resulted in a loss for the first half of the fiscal year at the 13-time English soccer champion.
Arsenal Holdings Plc’s fiscal-year profit increased 73 percent to a record 61 million pounds ($96 million) as the English soccer club sold apartments on the site of its former stadium.
The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
Arsenal Chief Executive Officer Ivan Gazidis says the soccer team’s finances can survive not qualifying for the Champions League.
"The deal is all about football."
- Ivan Gazidis on Nov 23, 2012