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The Premiership


Kroenke and Arsenal fans at odds

The annual meeting of Arsenal got quite heated after a vigorous exchange of views between majority shareholder Stan Kroenke and the Arsenal Supporters' Trust which represents small shareholders.   Arsenal chief executive Ivan Gazidis was forced to intervene to calm things down.

Kroenke, who owns about 67 per cent of the club, refused to give a long-term commitment that he would not take money out of the club through dividend payments.   He failed to give a direct answer, stating 'This club is run through the board,.  I have always been respectful of that.'

Good times in sight for Arsenal?

As Arsenal hold their annual meeting with calls for the club to spend some of their cash reserves on players, their chief executive, Ivan Gazidis, insists that good times are just around the corner.

Well, maybe, but it's a bit like chasing the elusive end of the rainbow.    Their strategy is built around the idea that their virtuous prudence will be rewarded when financial fair play kicks in and big spending clubs pay the penalty.

Commercial strategy boosts United

It has often been argued that the business model followed by the Glazers at Manchester United is doomed to failure.   However, Ed Woodward, the Glazers' London-based adviser, and in effect their representative on Earth, thinks that there is a case to be argued in their favour (as he would).

Adviser defends Glazers as United shares fall

Ed Woodward, Manchester United's vice-chairman and the man who engineered their listing on the New York Stock Exchange (NYSE), has sprung to the defence of the Glazers as the club's shares continue to fall.  No surprise there, but it is the content of the defence that is interesting.

Finances of Canaries transformed

Norwich City have faced grave financial problems twice over the last twenty years, but their latest accounts show how their fortunes have been transformed since they have been in the Premier League. They now have every prospect of becoming debt free.

Swans make big profit in Premiership

The financial benefits of being in the Premiership are demonstrated by the profit after tax of £14.6m on a turnover of £65.2m achieved by Swansea City in their first year in the top flight.   This in spite of the fact that operating costs, particularly wages, doubled following promotion.   However, in their promotion year the Swans made a net loss of £8.3m.

State aid probe could hit West Ham bid

West Ham's bid for a tenancy at the Olympic Stadium could be held up by a state aid probe by the European Commission.   Competition commissioner Alexander Italinier has given notice of an investigation into the public financing of stadiums used by professional clubs.    

Investors to target Championship

The Financial Times runs some good pieces of analysis on the business side of football, although invariably they seem to rely quite heavily on quotes from the admittedly authoritative and very well informed Dan Jones of Deloitte Sports Business.

'Here we go again' say Newcastle fans

The following statement has been issued by Newcastle United Supporters Trust:

Liverpool likely to stay at Anfield

It looks increasingly likely that Liverpool will stay at Anfield and not move to a new stadium to be built at Stanley Park.   Liverpool 's principalowner John W Henry has always been sceptical about the Stanley Park solution, preferring to re-develop Anfield to provide extra capacity and corporate facilities.   He has also questioned how far more stadium capacity is the key to re-building the club.