TITLE

Kroenke to explain £3m fee

PUB. DATE
October 2014
SOURCE
Daily Mail;10/14/2014, p73
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
ARSENAL'S majority shareholder Stan Kroenke is set to be questioned over a £3million payment to another of his companies. Kroenke will be quizzed by other shareholders at the club's AGM on Thursday over money paid to Kroenke Sports Enterprises (KSE) for 'strategic and advisory fees'. The Arsenal Supporters' Trust wants a breakdown of the services provided by KSE — the company that controls Kroenke's sports teams in the US — and to establish if there was a competitive tender for the work. It will also ask whether this is likely to be a regular payment or if it was a one-off.
ACCESSION #
98849237

 

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