Gazidis worth $3.24m salary says Arse­nal

Kuwait Times - - SPORTS -

LON­DON: Arse­nal have de­fended a 40 per­cent in­crease in the bonus paid to chief ex­ec­u­tive Ivan Gazidis, whose over­all fi­nan­cial pack­age is now 2.65 mil­lion pounds ($3.24 mil­lion). The is­sue was raised at the club’s an­nual general meet­ing on Mon­day, when chair­man Chips Keswick said Gazidis was do­ing a “first-class job” and de­served the $1.35 mil­lion bonus de­spite Arse­nal fail­ing to win the Premier League since 2004. “The ap­praisal of Ivan’s per­for­mance cov­ers a very broad spec­trum of ob­jec­tives and does so over a longer time­frame than one sea­son in­clud­ing ap­pro­pri­ate fi­nan­cial tar­gets but also as­sess­ment of our longer term progress and rep­re­sen­ta­tion of our values,” he said. “Ivan is do­ing a first-class job in lead­ing the de­vel­op­ment of the club across ev­ery as­pect of its op­er­a­tions.” Gazidis is the sec­ond high­est paid ex­ec­u­tive be­hind Manch­ester United’s Ed Wood­ward. Yes­ter­day’s meet­ing of around 150 share­hold­ers was also ad­dressed by man­ager Arsene Wenger, who gave an up­beat as­sess­ment of the state of the team who are sec­ond on goal dif­fer­ence in the league and well-placed to progress be­yond the Cham­pi­ons League group stages. —Reuters

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