Arsenal need trophies as well as profits, admits Kroenke

Arsenal majority shareholder Stan Kroenke has said that while the club needs to be well-maintained off the pitch, he and manager Arsene Wenger agree winning trophies is equally important, ESPN has reported.

Kroenke was speaking at the Gunners’ AGM on Thursday, having a year ago come under heavy criticism for the club’s lack of movement in the transfer market and perceived stagnation on the pitch. This year, however, shareholders and supporters alike were more pacified after Arsenal broke their transfer record to sign Mesut Ozil from Real Madrid for £42.5m, and climbed to the top of the Premier League table after seven games.

Wenger and chief executive Ivan Gazidis were present with Kroenke at the AGM, and Kroenke revealed his belief that the club needed to start reclaiming trophies, having not won a thing since 2005. “None of us – the fans, players, or Arsene – are happy until we have won trophies, we have said that over again and we are committed to that,” Kroenke confirmed.

We are pleased with the progress of the club, most importantly progress on the pitch,” he added. “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.

Arsenal are level on points with Liverpool at the top of the table, with the sides matched on goal difference as well, but the London club have scored more goals than their Merseyside counterparts, edging them into top spot.

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