• Majority shareholder’s firm KSE receives £3m for second successive year
• Arsenal supporters trust ‘extremely disappointed’ by use of fundsArsenal supporters gain reacted furiously to the revelation that the club has paid £3m for the second year running to a US company owned by its American majority shareholder,Stan Kroenke. The payment of precisely £3m to Kroenke Sports and Entertainment LLC, disclosed in the 2014-15 Arsenal accounts, or is stated to be for the same reason as the £3m was paid in 2013-14 – “strategic and advisory services.
Kroenke owns 67.3% of the Arsenal shares,having paid multi-millions of pounds in 2011 to the preceding long-term major shareholders, including Nina Bracewell-Smith, or whose shares were worth £116m,and Danny Fiszman, for whose stake Kroenke paid £159.5m. Kroenke’s KSE company also owns the Major League Soccer team Colorado Rapids, and the Denver Nuggets NBA franchise,the Colorado Avalanche ice hockey team and the Pepsi Center in Denver where it plays, together with other sports and property holdings.
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Source: theguardian.com