Arsenal’s latest accounts show that the club will not make any payment to KSE (Kroenke Sports Enterprises) this year.
In each of the last two years a £3m amount for ‘strategic and advisory services’ was listed in the company accounts. That payment is not in the current set of accounts, released last week.
There were questions from fans about what exactly these services were, but no detailed explanation was ever given, leaving rise to speculation that this was Kroenke essentially taking a dividend by another name.
Traditionally, Arsenal’s directors have not taken dividends, although The Telegraph report that the same ‘services’ are still being provided to the club by KSE.
Kroenke remains the club’s majority shareholder with 67.05%, while Alisher Usmanov’s Red and White Securities Ltd hold 30.04%.
For a more forensic look at the accounts, check out the latest post from the always brilliant Swiss Ramble.