Arsenal shareholders are set to question the recent bonus handed to chief executive Ivan Gazidis.
The Gunners supremo was handed a huge £919,000 bonus, despite the club finishing fifth, finishing 18 points behind champions Chelsea and failing to qualify for the Champions League.
It’s estimated missing out on dining at Europe’s top table this season has cost Arsenal around £50million, yet Gazidis has still been rewarded to take his salary package to £2.618m.
It’s the first time in 20 years Arsenal have missed out on the Champions League, while the Daily Mail also suggests “no major commercial deals were signed by the club”
An Arsenal spokesman told the Mail: “All wage costs including bonuses are decided by the board.”
Gazidis though, who is among the top three best-paid club administrators in the Premier League, will point to strong off-the-field results.
Arsenal recently announced a profit of £44.6m before tax compared to £2.9m the preceding season, with turnover topping £400m for the first time.
Gazidis said last week: “In order to compete at the top, we need to strive to be better than our competitors in everything we do.
“That is why during the past season we have continued to make substantial investments to drive the club forward. At the top of the pyramid, we have scaled up our investment in our First Team squad significantly in recent years, spending a net £203 million in transfer fees in the last three seasons.”
Arsenal’s Annual General Meeting will be held on Thursday, October 26.