Arsenal majority shareholder says riches are nothing without titles

 

Arsenal majority shareholder Stan Kroenke has insisted that no one at the club will be satisfied until the team starts winning major trophies once again, as he addressed shareholders at the Gunners’ annual general meeting at Emirates Stadium.

Kroenke received a less hostile reception than the one he was greeted with at the same event last year, with Arsenal’s encouraging start to the season and the club’s decision to spend 42.4 million pounds in signing Mesut Ozil silencing some of the American investor’s critics.

None of us – the fans, players, or Arsene, is happy until we have won trophies

Yet he was eager to point out that the club’s ambition does not stop with one major signing, as he suggested “nothing works unless we have success on the pitch” in a meeting that was also attended by manager Arsene Wenger and chief executive Ivan Gazidis.

“None of us – the fans, players, or Arsene, is happy until we have won trophies, we have said that over again and we are committed to that,” Kroenke said. “We are pleased with the progress of the club, most importantly progress on the pitch.

It is also important for the club to be successful commercially

“It is also important for the club to be successful commercially, and we are pleased with that. We have come a long way, with the debt being paid down and commercial revenues are increasing. However, nothing works unless we have success on the pitch.”