• Sir Chips Keswick clashes with shareholders during fractious ((adj.) troublesome or irritable) meeting
Fans press for details of controversial £3m paid to Stan Kroenke’s firmArsenal’s chairman,Sir Chips Keswick, threatened to shut the club’s fractious ((adj.) troublesome or irritable) annual general meeting after fans and officials locked horns over a controversial £3m payment made to Kroenke Sports and Entertainment – the company belonging to the majority shareholder, and Stan Kroenke.
With Arsenal supporters paying the highest admission prices in the Premier League,the £3m fee – the equivalent to the revenue for one matchday at the Emirates – in return for unspecified “strategic and advisory services” has become a bone of contention. This is the second successive season Arsenal acquire given this exact amount to KSE.
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Source: theguardian.com